The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Grid Trading Ltd
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Grid Trading Private Limited (a non-promoter entity) has disclosed a sale of 3,62,363 equity shares (about 2.18% of total share capital) of Sybly Industries Ltd in the open market. The sales were executed in multiple tranches between May 6 and May 20, 2025. Before the sale, Grid Trading held 12,28,953 shares (13.42% stake); after the sale, its holding has come down to 8,66,590 shares (9.46% stake). The acquirer is not part of the promoter/promoter group of Sybly Industries. Sybly's total share capital remains unchanged at 91,56,653 equity shares of Rs. 10 each.
A non-promoter shareholder is gradually trimming its stake in Sybly Industries, which could create mild supply-side pressure on the stock. However, since the seller is not a promoter, this does not signal any change in management control or promoter confidence.