The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rootsparkle Trading Pvt Ltd
Awaiting price reaction for this filing.
Rootsparkle Trading Private Limited has acquired 10,29,500 shares of AVI Polymers Limited, representing 25.16% of the company's total voting share capital. The acquisition was done on June 3, 2025, through a Share Purchase Agreement and Off-Market Transfer. Before this deal, Rootsparkle held no shares in the company, so this is a fresh entry as a significant shareholder. The acquirer has explicitly stated that it does not belong to the promoter or promoter group of AVI Polymers. AVI Polymers has a total equity share capital of 40,90,700 shares of Rs 10 each (₹4.09 crore).
A non-promoter entity has suddenly become a 25.16% shareholder through off-market transfer, which may indicate a change in control or strategic investment. Retail investors should watch for any mandatory open offer trigger under SEBI Takeover Regulations and monitor further disclosures from both the company and the new acquirer.