The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pronomz Ventures LLP
SOLARA · price
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Awaiting price reaction for this filing.
Pronomz Ventures LLP, part of the promoter and promoter group of Solara Active Pharma Sciences, purchased 20,00,000 equity shares (4.16%) through the open market on June 16, 2025. Before the purchase, the promoter group's collective holding stood at 1,82,31,281 shares (37.94%), and after the acquisition it rose to 2,02,31,281 shares (42.10%). The disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, which covers acquisitions in the 2%–5% creeping band. The acquisition was funded and executed entirely by Pronomz Ventures LLP, while other promoter group entities' holdings remained unchanged.
This is a confidence-boosting signal as the promoter group is increasing its stake in Solara from open market purchases, taking total holding to 42.10%. Despite the increased stake, promoter holding remains below the 50% mark, so this is a creeping acquisition close to the 5% incremental trigger threshold and may be followed by further disclosures if buying continues.