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
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Fortune Smart Lifestyle Pvt Ltd, a non-promoter entity, has disclosed under SEBI SAST Regulation 29(2) that it sold its entire holding of 2,99,807 shares (2.69%) in Suyog Telematics Ltd through open market transactions on 21 July 2025. After this sale, the acquirer's holding in the company stands at Nil shares (0%). The equity share capital of the company remains unchanged at 1,11,89,620 shares. The acquirer explicitly confirmed it does not belong to the promoter or promoter group of the company.
This is a complete exit by a non-promoter shareholder. Since the stake being sold is relatively small (2.69%), direct impact on share price is likely limited, but retail investors should note the exit as a sentiment signal from this particular holder.