The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Piyushbhai Savaliya
Awaiting price reaction for this filing.
Piyushbhai Savaliya, an individual investor (not part of the promoter group), bought 29,700 equity shares of Onix Solar Energy Limited through the open market on May 15, 2025. This single transaction represents 1.50% of the company's share capital, taking his total holding to 29,700 shares, or 1.40% of the company. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, which is triggered when a single acquisition crosses the 1% threshold. Onix Solar Energy is listed on BSE and has a total equity capital of 19,80,000 shares of Rs. 10 each.
Since the acquirer is not a promoter and the holding is small at around 1.40%, this transaction is unlikely to materially affect the stock price or company control. Retail investors should view this as routine SAST compliance rather than a significant event.