The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Apanapan Distributors LLP
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and in line with its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Apanapan Distributors LLP, part of the promoter group of Thirani Projects Ltd, sold 12,83,135 equity shares (6.35% of total share capital) through open market transactions. Of these, 2,83,135 shares (1.40%) were sold between September 1-2, 2025, and 10,00,000 shares (4.95%) were sold on September 3, 2025. Before the sale, the promoter entity held 40,70,000 shares (20.14%); after the sale, its holding stands reduced to 27,86,865 shares (13.79%). No encumbered shares, warrants, or convertible instruments are involved. The disclosure is filed under Regulation 29(2) of SEBI SAST Regulations, 2011.
This is a significant promoter group exit, with the entity cutting its stake by nearly one-third in just three trading sessions. The reduction in promoter holding from 20.14% to 13.79% may weaken promoter control and could weigh on investor sentiment, as large open-market promoter selling often signals a lack of confidence or an exit strategy.