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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The promoter and promoter group of Vineet Laboratories sold a total of 3,13,592 equity shares (3.40% of total share capital) through open market sales on NSE on September 29-30, 2025. The selling was distributed across 9 promoter group members, with the largest seller being Venkata Ramana Gaddam (1.17 lakh shares, 1.27% of capital), followed by A Prabhakar Raju (0.44%) and Alluri Ranga Raju (0.37%). As a result, the combined promoter group holding declined from 16.35% (15.07 lakh shares) to 12.95% (11.94 lakh shares). The disclosure was filed by A Srinivasa Raju, a member of the promoter group, under SEBI (SAST) Regulations, 2011.
The 3.40% open market sale by the promoter group could be seen as a negative signal by retail investors, suggesting reduced promoter confidence or a need for liquidity. Since the sale is below the 5% creeping acquisition/disposal threshold under SAST rules, no open offer obligation is triggered, but the steady decline in promoter holding (now under 13%) means further large sales could approach regulatory disclosure limits.