The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for A Srinivasa Raju
VINEETLAB · price
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Six promoters and persons acting in concert of Vineet Laboratories Ltd have collectively sold 3,35,223 shares, representing 3.63% of the company's total share capital, through open market transactions on August 22, August 29, and September 1, 2025. The largest seller was Satyanarayana Raju Bhupathiraju (1,34,673 shares, 1.46%), followed by Venkata Ramana Gaddam (80,000 shares) and Venkata Rama Gaddam (70,000 shares). Before the disposal, the promoter group's combined holding stood at 17.75% (16,37,173 shares), which has now reduced to 14.12% (13,01,950 shares). The disposal was disclosed under Regulation 29(2) of SEBI's SAST Regulations, 2011, and the equity share capital remains at 92,19,008 shares.
This is a notable promoter group selloff of over 3.6% of the company through open market, signalling reduced promoter confidence or portfolio rebalancing. Retail investors may view this as a negative signal since promoters are typically considered insiders with the best information about the company's prospects.