The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Technocraves Solutions Pvt Ltd
Awaiting price reaction for this filing.
Technocraves Solutions Pvt Ltd, a non-promoter entity, has sold 2,67,76,272 shares (5.63% of total equity) of Quasar India Ltd through the open market on 13 May 2025. Despite the sale, Technocraves continues to hold 6,09,43,028 shares, which is 12.80% of Quasar India's share capital. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirming Technocraves remains a substantial shareholder of the company. The total share capital of Quasar India stands at 47,59,41,600 equity shares of Re. 1 each.
This is a routine open-market sale by a non-promoter substantial shareholder. Since the seller is not part of the promoter group, there is no direct promoter-related governance concern, though the reduction in a major non-promoter holder's stake could influence short-term supply and demand dynamics in this thinly-traded small-cap stock.