The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satish Vaghari
Awaiting price reaction for this filing.
Satish Vaghari, a non-promoter shareholder of Quasar India Ltd, sold 3,55,37,271 shares (7.47% of the company's total share capital) through the open market on 13 May 2025. Before the sale, Vaghari held 7.47% of the company, and after the sale his stake has come down to 1.75% (83,22,379 shares). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations and SEBI's Insider Trading Regulations. The total diluted share capital of Quasar India Ltd stands at 47,59,41,600 equity shares of Rs. 1 each. The mode of disposal was open market, indicating a regular secondary market transaction rather than a negotiated block deal.
A 7.47% open-market sale in a single transaction by a sizeable shareholder is likely to weigh on short-term sentiment and could put downward pressure on the stock due to increased supply. Retail investors should monitor price action and any further disclosures, as the seller still retains a 1.75% stake.