The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Trans Globe NKS Holdings Ltd
Awaiting price reaction for this filing.
Trans Globe NKS Holdings Ltd, a non-promoter entity, sold 29,97,00,313 equity shares (4.78%) of Alstone Textiles (India) Ltd through open market transactions. The sales were executed across 15 trading sessions between October 10, 2025 and January 16, 2026, in tranches ranging from 25 lakh to 6 crore shares per day. As a result, the acquirer's holding in the company dropped from 10.25% (64.30 crore shares) to 5.47% (34.33 crore shares). The total equity share capital of Alstone Textiles stands at 62,74,80,000 shares of Re. 1 each. This disclosure is filed under Regulation 29(2) of SEBI SAST Regulations, 2011, which mandates reporting when a non-promoter holding crosses certain percentage thresholds.
A substantial non-promoter shareholder has cut its stake by nearly half (from 10.25% to 5.47%), which may create ongoing supply pressure on the stock and could be viewed negatively by retail investors as a signal of reduced conviction from this holder.