The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunny Sunil Gandhi
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Sunny Sunil Gandhi, Whole-Time Director and Promoter of Sunraj Diamond Exports Ltd, has sold 2,00,000 equity shares (3.76% of total share capital) in the open market on 10 February 2025. His holding in the company reduced from 16,00,000 shares (30.02%) to 14,00,000 shares (26.26%). The disclosure was filed with BSE on 28 April 2025 under Regulation 29(2) of SEBI Takeover Regulations. The total equity share capital of the company remains 5,33,04,000 shares.
This is a notable reduction in promoter holding, which retail investors may view as a negative sentiment signal, as it could indicate the promoter is reducing exposure to the company. The sale was above the 1% threshold requiring mandatory disclosure.