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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Vascon Engineers Ltd disclosed a Regulation 29(2) SAST filing made by Blue Diamond Properties Pvt Ltd, a non-promoter entity. Blue Diamond sold 74,63,913 shares (3.30% of voting capital) in the open market between 31-Dec-2021 and 12-Sep-2025. As a result, its holding in Vascon Engineers fell from 9.02% (1,95,99,382 shares) to 5.36% (1,21,35,469 shares). The acquirer is explicitly confirmed as not belonging to the promoter or promoter group, and there is no change in the company's total share capital, which remains at 22,62,87,111 shares.
This is a sale by a non-promoter shareholder trimming its stake, which is typically a mildly negative signal as it reduces a significant holder's exposure. The selling entity's stake is now close to the 5% disclosure threshold, so any further sale could trigger another SAST disclosure. No direct impact on promoter holding or company fundamentals.