The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asia Global Trading (Chennai) Pvt Ltd & PACs
TAKE · price
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Awaiting price reaction for this filing.
Asia Global Trading (Chennai) Private Limited, part of the promoter group along with Persons Acting in Concert (PACs), sold 1,44,97,532 equity shares (face value Re. 1) of Take Solutions Ltd through an off-market transaction on July 24, 2025. This represents about 9.80% of the company's total share capital. As a result, the promoter group's combined holding fell from 7,83,88,450 shares (52.99%) to 6,38,90,918 shares (43.19%), crossing below the 50% majority threshold. Asia Global Trading's individual stake dropped from 19.00% (2,81,07,460 shares) to 9.20% (1,36,09,928 shares). Fellow PAC Take Solutions Pte Limited held its 33.90% stake unchanged before and after the deal.
This is a sizable promoter group exit that takes their stake below 50%, reducing controlling influence and potentially signalling reduced promoter confidence. Investors should watch for disclosure on the buyer of this off-market block and any further stake reductions.