The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Viney Corporation Ltd
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Viney Corporation Ltd, part of the promoter group of Uravi Defence and Technology Ltd, sold 2,99,469 shares (2.64% of total equity) on 24 September 2025 through the open market. Before the sale, Viney Corporation held 27,43,200 shares (24.15%), and after the sale it holds 24,43,731 shares (21.51%). The shares were sold on both BSE and NSE. The promoter group's holding has now dropped to about one-fifth of the company, indicating a steady reduction of promoter stake in the listed entity.
Continued selling by a promoter-group entity may weigh on stock sentiment and raise concerns among retail investors about promoter confidence. However, the open-market sale is within SEBI rules and reduces promoter holding to 21.51%, still leaving meaningful skin in the game.