The Exchange has received the revised 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, has filed a revised disclosure regarding the sale of equity shares of Sunshine Capital Ltd. The entity sold a total of 15,38,46,366 shares (2.94% of total share capital) through multiple transactions between May 30, 2025 and June 16, 2025, using both open market and off-market routes. Post-sale, Lavender Holdings' holding has reduced from 10.48% (54,79,55,787 shares) to 7.54% (39,41,09,421 shares). The off-market transactions accounted for about 1.39% of the share capital, while open market sales made up the remaining 1.55%.
This is a significant reduction in shareholding by a non-promoter entity, which reduces its stake below the 10% disclosure threshold. The large volume of off-market sales alongside open market sales may indicate a strategic exit by Lavender Holdings, though the impact on stock price depends on buyer identity and market absorption.