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 disclosed a complete exit from Suncare Traders Limited via an off-market transaction dated 11 July 2025. Before the sale, Savjani Enterprise held 3,00,00,000 equity shares representing 11.76% of the company's share capital. After the transaction, its holding has come down to zero shares (0%). The total equity share capital of Suncare Traders Limited stands at Rs. 51 crore divided into 25.5 crore equity shares of Rs. 2 each. Since Savjani Enterprise is not part of the promoter/promoter group, this is a significant block deal by a non-promoter shareholder completely exiting its position.
A non-promoter shareholder with over 11% stake has fully exited the company via off-market route, which may indicate a change in the broader shareholder base. Retail investors should watch for the identity of the buyer and any subsequent disclosures to understand who is taking on this large stake.