The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vineeta Chiripal
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Awaiting price reaction for this filing.
Vineeta Chiripal, a promoter of Shanti Educational Initiatives Ltd, sold 15,00,000 shares (0.93% of total equity) reducing her stake from 1.52% to 0.59%. The sale was executed off-market in two tranches — 7,50,000 shares on 31st October 2025 and another 7,50,000 shares on 3rd November 2025. The disclosure has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company's total equity share capital remains unchanged at Rs. 16.10 crore (16.10 million shares of Rs. 1 each).
This represents a significant ~61% reduction in this promoter's individual holding. While the sale is off-market and won't directly affect the stock price, sustained promoter selling can be viewed as a cautious signal by retail investors, possibly indicating liquidity needs or reduced promoter conviction.