The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ascentedge Advisors LLP
Awaiting price reaction for this filing.
Ascentedge Advisors LLP, a non-promoter entity, has reported a sale of 2,00,000 equity shares (6.67% of the company's share capital) of Harmony Capital Service Ltd. Before the sale, the LLP held 3,50,000 shares (11.66%); after the sale, its holding has come down to 1,50,000 shares (4.99%). The mode of sale is stated as Open Offer, with the transaction dated 25 February 2026. The total share capital of the company remains unchanged at 30,00,900 equity shares.
A non-promoter shareholder dropping below the 5% disclosure threshold may ease overhang concerns from this entity, though the mode being Open Offer could indicate the shares were tendered into a takeover event. Retail investors should monitor for any open offer related to Harmony Capital Service to understand the broader context of this exit.