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.
Lavender Holdings Pvt Ltd, a non-promoter entity, has disclosed the sale of 178,145,630 equity shares (3.40% of total capital) of Sunshine Capital Ltd to the stock exchange under the SEBI Takeover Regulations. The shares were sold in multiple tranches through both open market and off-market routes between April 1, 2025 and May 28, 2025. After this sale, Lavender Holdings' stake in Sunshine Capital has come down from 13.88% (726.16 million shares) to 10.48% (548.02 million shares). The company's total equity share capital is 5,229,172,000 shares of Re. 1 each. Lavender Holdings has explicitly confirmed that it does not belong to the promoter or promoter group of Sunshine Capital Ltd.
A large non-promoter shareholder has trimmed its position significantly, which could create some selling pressure on the stock in the short term. However, since Lavender Holdings is not a promoter, this does not affect promoter ownership or control of the company, and the holding remains above the 10% disclosure threshold.