The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AVB Endeavors Pvt Ltd
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AVB Endeavors Pvt Ltd, a non-promoter entity, acquired 274,867 equity shares of Shashank Traders Ltd on May 7, 2026 through an off-market transaction. This acquisition increased their holding from 12.61% (3,90,000 shares) to 21.49% (6,64,867 shares) of the total share capital of Rs 3,09,38,000 comprising 30,93,800 equity shares. The acquirer is not part of the promoter/promoter group of the target company. The shares are listed on BSE Limited and The Calcutta Stock Exchange Limited.
With 21.49% stake, AVB Endeavors is now a significant shareholder approaching the 25% threshold that would trigger an open offer requirement under SAST regulations. This substantial acquisition by a non-promoter entity could signal potential takeover interest or strategic investment intent.