The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Divyeshbhai Savaliya
Awaiting price reaction for this filing.
Divyeshkumar Mansukhlal Savaliya (Divyeshbhai Savaliya), a non-promoter acquirer, has purchased 39,400 equity shares (1.99%) of Onix Solar Energy Ltd through open market on 15 May 2025. Prior to this acquisition, the acquirer held no shares in the company; after the purchase, his holding stands at 39,400 shares representing 1.99% of the total equity/voting capital. The company has a total equity share capital of 19,80,000 shares of Rs.10 each, which remained unchanged. The disclosure has been filed under Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This is a minor open-market purchase by a non-promoter individual, likely triggering the disclosure requirement because the acquisition crossed the 1% creeping acquisition threshold. The small size (1.99%) and non-promoter status mean this is unlikely to have a material impact on the stock price or controlling shareholder dynamics.