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.
Lavender Holdings Pvt Ltd, a non-promoter entity, has filed a SAST disclosure reporting a reduction in its shareholding in Alstone Textiles (India) Ltd from 9.48% to 6.41%. The entity sold approximately 19.22 crore equity shares, representing 3.07% of the company's share capital, through a mix of open market and off-market transactions. The sales were spread across multiple trading days between 26 September 2025 and 10 October 2025, with the largest single-day sale being 4 crore shares (0.64%) on 7 October 2025. The acquirer confirmed it does not belong to the promoter or promoter group and there were no encumbrances (pledges) involved.
This is a significant sell-off by a non-promoter shareholder, reducing their stake from above 9% to about 6.4%. The selling pressure across 8 trading sessions could be a negative signal for the stock, suggesting the holder may have lost confidence or is rebalancing its portfolio, though the shares were absorbed in the market.