The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Twenty First Century Marketing Ltd
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Twenty First Century Marketing Ltd, part of the promoter/promoter group of Aarvee Denims and Exports, sold its entire holding of 11,54,250 equity shares (4.92% of total share capital) on 10 July 2025 through an off-market deal. After this sale, the entity's holding in the company stands reduced to zero shares (0%). The transaction was disclosed to BSE and NSE under SEBI's Takeover Regulations on 12 July 2025. The total equity share capital of Aarvee Denims remains unchanged at 2,34,59,800 shares of Rs. 10 each.
This represents a complete exit by a promoter group entity from Aarvee Denims. While the sale is off-market (likely a private transfer rather than open market), retail investors should note that a promoter group member has fully divested its stake, which could raise questions about promoter group commitment to the company.