The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddhi Power Ltd<BR>
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Siddhi Power Limited, a non-promoter entity, has disclosed a sale of 69,08,118 equity shares (2.71%) of Suncare Traders Limited under SEBI SAST Regulation 29(2). Prior to the transaction, Siddhi Power held 1,27,43,831 shares (5.00%), which has now come down to 58,35,713 shares (2.29%). The shares were sold between 5 March 2026 and 24 March 2026 through open market and off-market routes. The total share capital of Suncare Traders remains unchanged at Rs. 51 crore divided into 25.5 crore equity shares of Rs. 2 each.
A non-promoter entity cutting its stake from 5% to below 3% signals reduced confidence or a portfolio rebalancing move, which may exert mild selling pressure perception on the stock. Retail investors should watch for further disclosures to see if more non-promoter holders are trimming positions.