The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suchitra Dhanani
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Awaiting price reaction for this filing.
Promoter Suchitra Dhanani of Sayaji Hotels (Pune) Ltd has disclosed a sale of 1,50,000 equity shares (4.92% of paid-up capital) under SEBI SAST Regulation 29(2), dated 10th June 2025. The transaction appears to have been executed in the open market. Promoter holding has come down from 6,38,360 shares (20.95%) before the sale to 4,88,360 shares (16.03%) after the sale. The company has a small equity base of 30,46,605 shares, making even modest share count moves meaningful in percentage terms. This is a promoter-group disposal, not a fresh acquisition.
A 4.92% stake sale by a promoter in the open market is a negative signal for retail investors as it indicates the insider is reducing exposure, which could weigh on short-term sentiment and stock price. Post-sale, the promoter's holding stands at 16.03%, leaving room for further sales without breaching SEBI disclosure limits until the next 2% threshold.