The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saphire Finman Services LLP
TDPOWERSYS · price
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Saphire Finman Services LLP, part of the Promoter and Promoter Group of TD Power Systems Ltd, has disclosed a sale of equity shares under SEBI SAST Regulations. On May 22, 2025, the promoter group sold a total of 99,00,000 equity shares (about 6.34% of the company's share capital) in the open market through the stock exchanges. The sales were made by three promoter-group entities: Nikhil Kumar sold 45,00,000 shares (2.88%), Saphire Finman Services LLP sold 33,00,000 shares (2.11%), and Hitoshi Matsuo sold 21,00,000 shares (1.34%). As a result, the aggregate promoter group holding fell from 33.22% to about 26.88% of TD Power Systems' equity share capital.
This is a significant promoter-group sell-off of around 6.34% stake in a single day, which is generally viewed negatively by retail investors as it can signal reduced promoter conviction and may put short-term pressure on the stock price.