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, which is not part of the promoter group, has sold 14,52,00,000 equity shares (2.31% of the total share capital) of Alstone Textiles (India) Ltd through a mix of open market and off-market transactions on October 14, 15, and 16, 2025. Before the sale, Lavender Holdings held 40,25,01,534 shares (6.41%) in the company, and after the sale its holding has come down to 25,73,01,534 shares (4.10%). The transactions dropped the acquirer's stake below the 5% disclosure threshold, which is why the SAST disclosure was filed. The total share capital of Alstone Textiles is 62,74,80,000 equity shares of Rs. 1 each, and there were no encumbrance (pledge/lien) movements involved in this transaction.
A non-promoter shareholder reducing its stake from 6.41% to 4.10% means less float support from this holder going forward; the market may view the off-market portion as a potential block deal or related-party transfer, which investors should track for further clarity.