The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tushar Jain
Awaiting price reaction for this filing.
Tushar Jain, identified as a Promoter of Pasupati Fincap Ltd, sold 8,300 equity shares via an off-market transaction on 4th June 2025. The shares represent 0.18% of the company's total paid-up equity capital, which stands at 47 lakh shares of Rs. 10 each. After this sale, his personal holding in the company has gone down to NIL, meaning he has fully exited his direct stake. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
The sale is tiny in size (just 8,300 shares) and was done off-market, so it should not directly affect the stock's trading price. However, it signals that the promoter has completely exited his direct holding, which retail investors may view as a mild negative sentiment signal about insider confidence.