The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kailash Jain
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Awaiting price reaction for this filing.
Kailash Jain, a member of the promoter/promoter group, sold 37,739 shares of Star Housing Finance Limited through open market transactions spread across seven dates between May 20, 2025 and June 16, 2025. The sale reduced his shareholding from 1,97,600 shares (0.25% of total share capital) to 1,59,861 shares (0.20%). The largest single-day sale was 10,629 shares on June 16, 2025. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Kailash Jain is part of the promoter group, but his individual holding remains very small at 0.20% even after the sale.
The promoter-group member is trimming a small portion of his already modest stake (just 0.05% of the company), which is unlikely to have any meaningful impact on the share price or overall promoter ownership. Retail investors should not read this as a negative signal about the business given the tiny size of the sale.