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.
Sunshine Capital Ltd has received a disclosure from Lavender Holdings Pvt Ltd, a non-promoter entity, reporting the sale of 17.82 crore equity shares (3.40% of the company's capital) between April 1 and May 28, 2025, through a mix of open market and off-market transactions. Lavender Holdings' stake has reduced from 13.88% (72.62 crore shares) to 10.48% (54.80 crore shares). The filing explicitly states that Lavender Holdings does not belong to the promoter or promoter group of Sunshine Capital. The total equity share capital of the company stands at 52.29 crore shares of Rs. 1 each.
A major non-promoter shareholder has trimmed its holding by 3.40 percentage points, though it remains above the 10% disclosure threshold. This signals a significant partial exit by a large shareholder, which could weigh on sentiment and add supply-side pressure on the stock. Investors should watch for further disclosures to see if Lavender Holdings continues to reduce its stake.