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, an entity not belonging to the promoter or promoter group, has acquired 7,00,000 equity shares of Harmony Capital Services Limited on November 4, 2025, via an off-market transaction. This represents 23.33% of the company's total share and voting capital, which consists of 30,00,900 equity shares of Rs. 10 each. Before this acquisition, the acquirer held NIL shares, meaning this is a fresh entry into the company at a sizeable level. The disclosure was filed with BSE under Regulation 29(1) of SEBI's Takeover Regulations, which mandates reporting when any person crosses certain shareholding thresholds.
A non-promoter entity acquiring nearly a quarter of the company in one go could trigger concerns about a potential change in control or a creeping approach toward the 25% open-offer threshold. Shareholders should watch for any further disclosures or an open offer announcement, as breaching 25% typically requires a mandatory tender offer to remaining shareholders.