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 in Alstone Textiles (India) Ltd, has disclosed a sale of 13,02,69,087 equity shares (2.07% of the company's share capital) under SEBI's Takeover Regulations. The off-market transactions were carried out across three dates: 6,91,87,387 shares on Sept 11, 6,491,900 shares on Sept 16, and 5,45,89,800 shares on Sept 18, 2025. As a result, Lavender Holdings' stake has dropped from 11.55% (72,49,99,900 shares) to 9.48% (59,47,30,813 shares). The holding has now slipped below the 10% substantial shareholder threshold, which is why this disclosure was triggered.
A non-promoter substantial shareholder cutting its stake below the 10% mark may signal weakening conviction and could create short-term supply pressure on the stock. Retail investors should watch for further disclosures, as a continued trim could approach trigger levels under takeover rules.