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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Awaiting price reaction for this filing.
Grid Trading Pvt Ltd, a non-promoter entity, has sold its entire 8.36% stake (766,090 equity shares) in Sybly Industries Ltd through open market transactions. The sale was executed in two tranches: 105,000 shares (1.14%) on 21 May 2025 and 661,090 shares (7.21%) on 26 May 2025. Prior to these sales, Grid Trading held 766,090 shares representing 8.36% of the company's equity capital, and post-sale its holding stands at NIL. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011. Sybly Industries' total equity capital remained unchanged at Rs 9.15 crore (91,56,653 shares of Rs 10 each).
A complete exit by a non-promoter shareholder holding over 8% of the company may create short-term supply pressure on the stock. Retail investors should monitor post-sale price action and check whether other shareholders have quietly built positions to gauge sentiment.