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) Pvt Ltd, part of the promoter group of Take Solutions Ltd, sold 72,48,766 equity shares (face value Re. 1) through an off-market transaction on August 01, 2025. This represents 4.90% of the company's total share capital. The promoter group's combined holding (including PACs Take Solutions Pte Ltd and Srinivasan H R) fell from 43.19% (6,38,90,918 shares) to 38.29% (5,66,42,152 shares) post-transaction. The sale was carried out as an off-market deal rather than through the exchanges.
The promoter group's stake has dropped further below the 50% mark to 38.29%, signalling continued stake reduction by promoters. Off-market bulk sales by promoters are generally viewed negatively by retail investors as they can imply waning confidence or the promoter monetising its holding, though valuation impact depends on the deal price which isn't disclosed here.