The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rentex Weavers Ltd
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rentex Weavers Ltd, part of the promoter/promoter group of Aarvee Denims and Exports, sold all 569,850 equity shares (2.43% of total share capital) on 9 July 2025 through an off-market transaction. Before the sale, Rentex Weavers held 569,850 shares (2.43%); after the sale, its holding stands at 0 shares (0%). The target company's total equity share capital remains unchanged at 2,34,59,800 shares of Rs. 10 each. This disclosure was made under Regulation 29(2) of SEBI Takeover Regulations, 2011.
This represents a complete exit by one promoter group entity from Aarvee Denims. While the 2.43% stake is relatively small, a full promoter-group exit via off-market route may raise questions about promoter confidence and could be viewed negatively by retail investors in the short term.