The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sixth Venture Advisors LLP
Awaiting price reaction for this filing.
Sixth Venture Advisors LLP, a non-promoter entity based in Pune, acquired 7,00,000 equity shares of Harmony Capital Services Limited on November 4, 2025, through an off-market transaction. This represents 23.33% of the company's total share/voting capital. Before this deal, Sixth Venture Advisors held NIL shares in the company, so this was a fresh entry creating a substantial 23.33% stake in one go. The company's total equity share capital remains unchanged at Rs. 3,00,09,000, comprising 30,00,900 equity shares of Rs. 10 each. The disclosure was filed under Regulation 29(1) of SEBI SAST Regulations, 2011 by Abhishek Narbaria, Designated Partner of the acquiring LLP.
This is a significant non-promoter acquisition of 23.33%, placing the buyer just below the 25% open-offer trigger threshold under SEBI takeover rules. Shareholders should watch for any further purchases that could push the acquirer past 25% and trigger a mandatory open offer, which could materially affect the stock price.