The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Visagar Financial Services Ltd & PACs

Ownership Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.8%Reaction day

₹2.10

prior close

₹2.17

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+5.1% vs market

Education peers, median of 12sector-1.3%+6.1% vs sector

On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 6.1 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.0

15m

-1.4

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8-0.4+5.1-1.3+6.1

Next day

+10.0-0.6+10.6+0.6+9.4

+15.2+0.3+14.9+0.7+14.6

+9.5+0.2+9.3-0.7+10.2

+4.3+0.1+4.2-0.9+5.2

-0.5+0.7-1.2-1.0+0.5

-3.8-0.3-3.5-1.3-2.5

15d

-13.3-2.0-11.3-1.7-11.6

-17.1-5.7-11.5-1.9-15.2

-43.3-7.8-35.5-4.7-38.7

-47.1-4.6-42.5-4.4-42.7

UpDownMarket · Nifty Microcap 250Sector · Education peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Visagar Financial Services Ltd along with six Persons Acting in Concert (PACs) sold 79,55,000 equity shares (2.32%) of Vantage Knowledge Academy Ltd through open market between 7th October and 4th November 2025, across 14 separate trading days. Their aggregate holding dropped from 77,413,080 shares (22.67%) to 69,458,080 shares (20.34%) of the company. The disclosure explicitly states that the seller does NOT belong to the promoter or promoter group of the company. The equity share capital of the company remained unchanged at Rs. 34.15 crore (34.15 crore shares of Rs. 1 each).

Likely market impact

A non-promoter substantial shareholder reducing its stake by over 2% in about a month could create short-term supply pressure on the stock. However, since the seller is not a promoter, this does not raise corporate governance red flags, though retail investors should monitor price action and further disclosures closely.