The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Thakor Hansaben
Awaiting price reaction for this filing.
Thakor Hansaben, a non-promoter shareholder of Quasar India Ltd, sold her entire stake of 2,63,15,900 shares (5.53% of total equity) in the company through the open market on 13 May 2025. Her shareholding has gone from 5.53% to 0% post the transaction. The company has a total equity share capital of 47,59,41,600 shares of Rs. 1 each. The sale was disclosed to BSE under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
Since the seller is not part of the promoter/promoter group, this exit has no direct implication on promoter control or ownership structure. The open-market sale of ~5.5% may create temporary supply-side pressure on the stock, but it is not a negative governance or promoter-trust signal for shareholders.