The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nikhil Kumar & Others
TDPOWERSYS · price
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Awaiting price reaction for this filing.
Nikhil Kumar, along with persons acting in concert (Saphire Finman Services LLP and Hitoshi Matsuo), sold 99,00,000 equity shares of TD Power Systems Ltd on May 22, 2025, through the open market. This represents 6.34% of the company's paid-up capital. The promoter group's combined holding has declined from 33.22% to 26.88% post-sale. Nikhil Kumar's individual stake fell from 11.18% to 8.30%, Saphire Finman Services LLP from 15.34% to 13.23%, and Hitoshi Matsuo from 6.43% to 5.08%.
A significant 6.34% promoter group exit in a single day is a negative signal for retail investors, as it may weigh on short-term stock price due to increased supply and reduced promoter skin-in-the-game. With promoter holding now well below 33%, concerns about further creeping exits may persist.