The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Rajnikant Shah
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.9 pts more than Nifty Microcap 250 and 9.4 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Niraj Rajnikant Shah, a non-promoter individual shareholder of Zodiac Ventures Limited, has filed a disclosure under SEBI SAST Regulations. Between September 10 and September 22, 2025, he sold 33,30,000 shares (4.03%) and bought 10,71,830 shares (1.30%) in the open market. As a result, his net holding dropped from 54,38,907 shares (6.58%) to 31,80,737 shares (3.85%), a reduction of 2.73% in his stake. By reducing his holding below the 5% mark, he triggered the disclosure requirement under Reg 29(2).
This is a non-promoter individual trimming his position significantly, which could indicate reduced confidence or simply portfolio rebalancing. For shareholders, the net selling of over 22 lakh shares through open market trades may add short-term supply pressure on the stock.