The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Fortune Smart Lifestyle Pvt Ltd
SUYOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fortune Smart Lifestyle Pvt Ltd, a non-promoter entity, sold 6,17,645 equity shares (5.55% of paid-up capital) of Suyog Telematics Ltd in the open market on 11.06.2025. After this sale, its holding dropped from 9,17,452 shares (8.24%) to 2,99,807 shares (2.69%) of the company. The total equity share capital of Suyog Telematics stands at 1,11,32,364 shares. The acquirer has confirmed it does not belong to the promoter or promoter group of the target company.
This is a significant reduction in stake by a non-promoter shareholder, which could create temporary supply pressure on the stock. However, since the seller is not a promoter, this does not raise corporate governance or control concerns for existing shareholders.