The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Viney Corporation Ltd
URAVIDEF · price
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Viney Corporation Ltd, part of the promoter/promoter group of Uravi Defence and Technology Ltd, sold 2,36,352 equity shares (2.08% of total share capital, 1.89% of diluted capital) through the open market on 25 September 2025. The transaction is disclosed under Regulation 29(2) of SEBI Takeover Regulations. After the sale, Viney Corporation's holding in Uravi Defence stands reduced to 22,07,379 shares, equating to 19.43% of total share capital (17.65% diluted), down from 21.51% (19.55% diluted) earlier. The mode of sale was open market, and the total equity capital of Uravi Defence remains at Rs. 11.36 crore divided into 1,13,60,000 shares of Rs. 10 each.
A promoter-group entity trimming its stake by over 2% via the open market is generally viewed as a mildly negative signal by retail investors, as it can imply reduced promoter conviction or a need to monetise holdings. That said, the post-sale promoter holding via Viney Corporation remains meaningful at 19.43%, and the sale size is small in absolute terms, so the price impact is likely to be limited.