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.
The stock exchange has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations from Lavender Holdings Pvt Ltd in relation to Sunshine Capital Ltd. Regulation 29(2) filings are triggered when an acquirer's shareholding crosses 5% or changes by more than 2% of the company's total shares. The specific direction of the transaction (acquisition or disposal) and the exact shareholding change are not detailed in the available headline. The filing indicates a notable shift in Lavender Holdings' stake that meets the regulatory reporting threshold. Shareholders should watch for the detailed disclosure to understand the nature and size of the change.
This is a standard regulatory disclosure rather than an event with immediate price impact, but the underlying transaction could affect shareholder composition and signal strategic intent. Investors should review the detailed filing to gauge whether the move is a buy or sell and its potential implications for stock liquidity and control.