The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lavender Holdings Pvt Ltd
Awaiting price reaction for this filing.
Sunshine Capital Ltd has informed the BSE that it received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Lavender Holdings Pvt Ltd. Regulation 29(2) requires acquirers to disclose changes in their shareholding or voting rights in the target company. The exact nature of the transaction (purchase or sale) and the quantum of shares involved are not specified in the headline. Lavender Holdings Pvt Ltd appears to be a significant shareholder or acquirer in Sunshine Capital Ltd and is fulfilling its disclosure obligation.
The full impact on the stock and shareholders will depend on whether Lavender Holdings increased or decreased its stake, and whether it is classified as a promoter. Investors should look for the detailed disclosure for transaction type and percentage change.