The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ascentedge Advisors LLP
Awaiting price reaction for this filing.
Ascentedge Advisors LLP (a non-promoter entity) acquired 3,50,000 equity shares of Harmony Capital Service Ltd via an off-market transaction on 4 November 2025, taking its holding from nil to 11.66% of the company's share capital. The total equity capital of Harmony Capital Service stands at 30,00,900 shares of Rs. 10 face value. This disclosure is filed under Regulation 29(1) of SEBI SAST Regulations because the acquirer's stake has crossed the 5% disclosure threshold. The seller is not part of the promoter/promoter group, indicating a change in non-promoter shareholding rather than a promoter-level transaction.
A new non-promoter entity now holds over 11% of the company, putting it close to the 15% threshold that could trigger a mandatory open offer under takeover rules. Shareholders should watch for any further acquisitions by Ascentedge Advisors LLP, which could lead to an open offer or a change in control dynamics.