This is to Inform You that, We have received The disclosure Under Regulation 29(2) of SEBI(SAST), 2011 From Lavender Holdings Pvt. LTD.
Awaiting price reaction for this filing.
Sunshine Capital Ltd has informed BSE about receiving a Regulation 29(2) SEBI (SAST) disclosure from Lavender Holdings Pvt. Ltd., a non-promoter entity. Lavender Holdings sold a total of 15.38 crore equity shares (2.94% of the company's voting capital) of Sunshine Capital between May 30, 2025 and June 16, 2025, through a mix of open-market and off-market transactions. Its stake in the company has dropped from 10.48% (54.79 crore shares) to 7.54% (39.41 crore shares), pushing it below the 10% substantial shareholder threshold. Sunshine Capital has a very large equity base of about 522.92 crore shares of face value Re. 1 each.
A non-promoter large shareholder cutting its stake from above 10% to 7.54% signals reduced confidence or a portfolio rebalancing by this holder. While no promoter action is involved, the off-market bulk sale (51.51 million shares on May 30) may raise questions about counterparty identity and could create short-term overhang on the stock.