The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alluri Suman Varma
Awaiting price reaction for this filing.
Alluri Suman Varma, classified as a Public shareholder, has purchased 5,48,200 equity shares (10.86% of total equity capital) of Senthil Infotek Ltd from Seetha Lakshmi Pitchandi, a member of the Promoter Group. The transaction was executed off-market on April 25, 2025, for a total consideration of INR 30,15,100, implying a price of roughly INR 55 per share. Prior to this deal, the buyer held 0% in the company, and post-acquisition his holding stands at 10.86%. The company has a total equity base of 50,50,000 shares of INR 10 each. The disclosure has been made under Regulation 29(1) & (2) of the SEBI SAST Regulations, 2011.
This is a notable reduction in promoter group shareholding, with the stake moving from a promoter entity to a public-category shareholder. The off-market price of around INR 55 per share may serve as a reference point for the stock's fair value. Shareholders should monitor whether further stake changes follow, as the new 10.86% holder sits just above the 10% disclosure threshold.