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 has sold 153,846,366 equity shares (2.94%) of Sunshine Capital Ltd, bringing its stake down from 10.48% (547,955,787 shares) to 7.54% (394,109,421 shares). The shares were sold across multiple tranches between 30 May 2025 and 16 June 2025, through a mix of open market and off-market transactions. Lavender Holdings is not classified as part of the promoter/promoter group of the company. The disposal was disclosed to BSE under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
A significant non-promoter shareholder has reduced its holding and crossed below the 10% mark, which could create short-term supply pressure on the stock. However, since the seller is not a promoter, this does not affect promoter control or raise concerns about management stability.