The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Apanapan Distributores LLP
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Apanapan Distributores LLP, part of the promoter group of Thirani Projects Ltd, has sold its entire holding of 27,86,865 equity shares (13.79% of the company's share capital) through open market transactions across three trading days: 15,00,000 shares (7.42%) on 3 September 2025, 4,53,758 shares (2.24%) on 5 September 2025, and 8,33,107 shares (4.12%) on 8 September 2025. After this sale, the LLP's holding in the company stands at zero shares (0%). The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, as required when a promoter group entity divests more than 2% of a company's shares. This effectively marks a complete exit by this particular promoter entity from Thirani Projects Ltd.
This is a significant negative signal — the promoter group has fully exited through one of its key entities, reducing its stake by 13.79%. Retail investors may view this as a loss of promoter confidence in the company, which could weigh on the stock price and sentiment in the short term. Shareholders should watch for further disclosures to understand the remaining promoter holding and any change in management control.