The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Savjani Enterprise
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Savjani Enterprise, a non-promoter entity, has fully exited its stake in Suncare Traders Ltd (BSE: 539526) via an off-market transaction dated 11 July 2025. Before the sale, Savjani held 3,00,00,000 equity shares representing 11.76% of the company's voting capital. After the transaction, its holding stands at zero shares and zero voting rights. The total share capital of Suncare Traders remains unchanged at Rs. 51 crore divided into 25.5 crore equity shares of Rs. 2 each. Since this is a Regulation 29(2) disclosure, the acquisition/sale crossed or fell below the 10% threshold, triggering mandatory reporting.
A non-promoter entity completely exiting an 11.76% stake via off-market route means a large block of shares has changed hands privately, which could shift the shareholder base. Retail investors should watch for the buyer's identity and any further disclosures, as this represents a significant change in ownership structure.