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 disclosed an open-market sale of 2,97,125 equity shares (3.24%) of Sybly Industries Ltd between May 2 and May 13, 2025. The sale was executed in eight tranches ranging from 13,000 to 67,902 shares per day. Post-sale, Visagar's holding in Sybly Industries has dropped from 14,65,152 shares (16.00%) to 11,68,027 shares (12.75%). The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
A non-promoter shareholder has trimmed its stake by over 3 percentage points in just under two weeks, which may signal weakening confidence or portfolio rebalancing by a significant public-domain holder. Retail investors should note that despite the sale, the entity still holds more than 12% in the company.