The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vrinda Jain
Awaiting price reaction for this filing.
Vrinda Jain, identified as a promoter of Pasupati Fincap Ltd, has sold 7,900 equity shares (about 0.17% of total paid-up capital) through an off-market share purchase agreement. The sale date is noted as 06.05.2025 (filing dated 07.06.2025). Before the sale, she held 7,900 shares (0.17%), and after the sale her holding stands at NIL, indicating a complete exit of her stake in the company. The total share capital of the company is around 47 lakh equity shares of Rs. 10 each. The transaction was carried out off-market rather than on the exchange.
Although the percentage is small (0.17%), a promoter completely exiting their holding may be viewed negatively by retail investors as it signals the promoter no longer has skin in the game. However, given the tiny size of the stake, the impact on share price or overall promoter control is likely minimal.