The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dilipkumar V Lakhi & Others
WELENT · price
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Dilipkumar V. Lakhi along with Persons Acting in Concert (PACs), including family members and associates, has filed a disclosure under SEBI Takeover Regulations for share transactions in Welspun Enterprises Ltd. The group sold 37,01,165 shares (2.6740%) and purchased 12,34,532 shares (0.8919%) through open market trades between 2020 and 2026. As a result, their combined holding fell from 1,21,10,011 shares (8.7491%) to 96,43,378 shares (6.9670%), a net reduction of approximately 1.78%. The acquirers are NOT part of the promoter or promoter group of the company.
This is a non-promoter shareholder trimming their stake by about 1.78%, which is a modest reduction. Since the sellers are not promoters, this is unlikely to materially impact the stock price, but may signal that this shareholder group views current price levels as adequate for profit-booking.