The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mansukh Patel HUF
Awaiting price reaction for this filing.
Mansukh Patel HUF, part of the promoter/promoter group of AVI Polymers Ltd, has disclosed a complete exit from the company under SEBI SAST Regulation 29(2). The HUF sold all its 10,21,500 equity shares (24.97% of total share capital) through an off-market transfer on June 3, 2025. After the transaction, the HUF holds zero shares in the company. The total equity share capital remains unchanged at Rs. 4.09 crore (40,90,700 shares of Rs. 10 each). No details about the buyer have been disclosed in this filing.
A promoter-group entity completely exiting its 24.97% stake via off-market transfer is a significant event. Shareholders should watch for any follow-up disclosure identifying the buyer, as this could indicate reshuffling within the promoter group, a change in control, or entry of a new substantial shareholder.