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.
BSE has received a disclosure from Lavender Holdings Pvt Ltd, an entity likely associated with the promoter group of Sunshine Capital Ltd, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation requires promoters and persons holding more than 5% stake to disclose incremental changes in their shareholding of 2% or more during a financial year. The filing suggests Lavender Holdings has either acquired or disposed of shares crossing the 2% creeping threshold. Specific details such as transaction type, quantity, and price are not provided in the headline.
This is a routine compliance filing indicating a notable change in promoter group shareholding. Shareholders should look for the detailed disclosure to understand whether the promoter group is increasing or reducing its stake, which can signal confidence or otherwise in the company.