The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vax Enterprise Pvt Ltd
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Awaiting price reaction for this filing.
Vax Enterprise Private Limited, a non-promoter entity, sold 3,00,000 equity shares (3.57%) of Vaxfab Enterprises Ltd on April 15, 2025 through the stock exchange (open market). Before the sale, the entity held 4,98,025 shares (4.98% stake), which has now dropped to 1,18,025 shares (1.41% stake). The disclosure is filed under SEBI SAST Regulation 29(2). The selling entity is explicitly not part of the promoter or promoter group of the company.
This is a non-promoter trimming its stake below 2%, which is relatively neutral for the stock. With limited float and the seller's holding now well below the 5% disclosure threshold, future updates from this entity will be infrequent.