The Exchange has received the updates on disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Visagar Financial Services Ltd & PACs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Visagar Financial Services Ltd along with its Persons Acting in Concert (PACs) — including Tilokchand Kothari, Asha Kothari, Sheetal Kothari, Sagar Kothari, Surbhi Kothari, and Sagar Portfolio Services Ltd — sold a total of 79,55,000 equity shares (2.32% of share capital) of Vantage Knowledge Academy Ltd in the open market across multiple dates between 7th October 2025 and 4th November 2025. Visagar Financial Services sold 47,30,000 shares (1.38%), while Sheetal Kothari sold 32,25,000 shares (0.94%). The group's combined holding reduced from 77,413,080 shares (22.69%) to 69,458,080 shares (20.35%) post-sale. The filing explicitly states the sellers do not belong to the Promoter/Promoter group of the company.
This indicates a steady reduction of stake by a significant non-promoter shareholder group (holding 20%+), which could exert downward pressure on the stock in the short term. Retail investors should monitor whether further sales are likely, as continued offloading by such large holders may signal weakening confidence in the company's prospects.