The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Visagar Financial Services Ltd
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Visagar Financial Services Ltd, a non-promoter entity, has fully exited its holding in Sybly Industries Ltd by selling all 913,000 equity shares (9.97% of share capital) through open market transactions. The sales happened in three tranches: 1.09% on May 21, 0.03% on May 22, and a bulk 8.83% on May 26, 2025. After this sale, Visagar's holding stands at zero shares (0%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011, and the equity share capital of Sybly Industries remains unchanged at Rs. 9.15 crore (91,56,653 shares of Rs. 10 each).
A non-promoter shareholder completely exiting a 9.97% stake in three quick tranches over a week could create short-term supply pressure on the stock and signal weak confidence from a sizeable holder, though the overall share capital of Sybly Industries is unaffected.