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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Awaiting price reaction for this filing.
Visagar Financial Services Ltd, which is NOT part of the promoter/promoter group, has sold 2,62,988 equity shares (2.87%) of Sybly Industries Ltd through open market transactions. The sales were carried out on four dates: 10th February 2025 (85,688 shares), 28th April 2025 (50,500 shares), 29th April 2025 (1,00,000 shares), and 30th April 2025 (26,800 shares). Following this sale, Visagar's holding has reduced from 18.77% (17,19,140 shares) to 15.90% (14,56,152 shares). The total equity share capital of Sybly Industries remains unchanged at Rs. 9,15,66,530, comprising 91,56,653 shares of Rs. 10 each. This disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Since the seller is a non-promoter entity, this sale does not affect the promoter holding or controlling structure of Sybly Industries. However, a sizeable non-promoter trimming its stake by nearly 3% in open market could be viewed as a mildly negative sentiment signal for retail investors, warranting further monitoring of price action and any follow-up disclosures.