The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravindra Jain
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Awaiting price reaction for this filing.
Ravindra Jain, a member of the promoter group of Star Housing Finance Ltd, sold 24,928 shares through the open market on BSE between May 16 and May 30, 2025, in multiple small tranches ranging from 309 to 8,000 shares per day. Before the sale he held 44,800 shares (0.06% of the company's voting capital), and after the sale his holding stands at 19,872 shares (0.03%). The total equity share capital of the company is around ₹39.48 crore, comprising roughly 7.89 crore equity shares of ₹5 each. No encumbrance (pledge/lien) details were disclosed as part of this transaction.
This is a very small trim by an individual promoter — the stake reduction is just 0.03 percentage points — so it is unlikely to have any meaningful effect on the stock price or overall promoter control. Retail investors need not read this as a negative signal given the negligible size.