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 shareholder of Sunshine Capital Ltd, has disclosed a sale of 17.82 crore shares, equal to 3.40% of the company's equity capital. Their holding has come down from 13.88% (72.62 crore shares) to 10.48% (54.80 crore shares) after the sale. The transactions were spread between April 1, 2025 and May 28, 2025, executed through a mix of open market trades and several large off-market block deals (including a 2.8 crore share off-market sale on April 2 and a 2.08 crore share off-market sale on May 27). The filing confirms the acquirer is not part of the promoter/promoter group, and no shares are encumbered.
A sizeable non-promoter shareholder has trimmed its stake meaningfully, but still retains over 10% of the company. The heavy use of off-market block deals (rather than open market dumping) suggests negotiated transfers and is unlikely to create immediate selling pressure on the stock. Retail investors should note the change in major shareholder composition.