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
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Awaiting price reaction for this filing.
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).
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.