The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Blue Diamond Properties Pvt Ltd
VASCONEQ · price
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Blue Diamond Properties Pvt Ltd, which is NOT part of the promoter/promoter group, has filed a SAST disclosure regarding the sale of 74,63,913 shares of Vascon Engineers Ltd, representing 3.30% of voting capital. These shares were sold on the open market gradually between 31-December-2021 and 12-September-2025. As a result, Blue Diamond Properties' holding in the company has come down from 1,95,99,382 shares (9.02%) to 1,21,35,469 shares (5.36%). The total equity share capital of Vascon Engineers stands at 22,62,87,111 shares. The transaction crossed the 5% disclosure threshold downward, which is why the regulation 29(2) disclosure was triggered.
A non-promoter entity trimming its stake by over 3% may be viewed as a mild negative signal by retail investors, though the sales were spread across nearly 4 years rather than a sudden dump, suggesting a gradual portfolio rebalancing rather than a loss of confidence.