The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for APL Apollo Mart Ltd
SHANKARA · price
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APL Apollo Mart Ltd has sold its entire holding of 14,85,000 equity shares in Shankara Building Products Ltd through the open market on May 16, 2025. This represents 6.12% of the company's paid-up share capital, taking APL Apollo Mart's holding from 6.12% down to zero — a complete exit. The seller is not part of the promoter/promoter group of Shankara Building Products. Shankara's total share capital remains unchanged at 2,42,49,326 equity shares of Rs 10 each. The disclosure was filed on May 20, 2025 under SEBI's Takeover Regulations.
A non-promoter entity has fully exited its meaningful stake, which could weigh on sentiment in the near term. Investors should watch for any change in shareholding pattern filings to see who has picked up these shares and whether any new institutional holder has emerged.