Abhishek Kamdar sells 3.15% stake in Onix Solar Energy
- Abhishek Ashvinbhai Kamdar sold 11,64,179 shares in Onix Solar Energy Ltd
- The disposal reduced his combined stake from 10.82% to 7.67%
- Transactions occurred between July 27 and August 20, 2026
- Sales were executed via both off-market and on-market routes
- No shares are encumbered or pledged post-transaction
*this image is generated using AI for illustrative purposes only.
Abhishek Ashvinbhai Kamdar disposed of a 3.15% stake in Onix Solar Energy through off-market and on-market transactions in August 2026.
The sale involved 11,64,179 shares carrying voting rights, executed between July 27, 2026 and August 20, 2026. The disclosure was filed with the Bombay Stock Exchange on August 24, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Changes
Before the disposal, Abhishek Ashvinbhai Kamdar held 39,71,897 shares (10.77%). His Hindu Undivided Family (HUF) held an additional 20,150 shares (0.05%), bringing the combined holding to 10.82%.
Following the transaction, his individual holding dropped to 28,10,182 shares (7.62%). The HUF holding decreased to 17,686 shares (0.05%). The total combined stake now stands at 28,27,868 shares, representing 7.67% of the company’s total voting capital.
| Metric | Before Disposal | After Disposal |
|---|---|---|
| Total Shares Held | 39,92,047 | 28,27,868 |
| Stake Percentage | 10.82% | 7.67% |
The acquirer is not part of the promoter or promoter group. There were no encumbrances, pledges, or liens on the shares before or after the transaction.
What the Numbers Show
The reduction in stake is driven entirely by the disposal of equity shares. No convertible securities or warrants were involved in the transaction. The company’s total equity share capital remains unchanged at ₹36,86,79,260, divided into 3,68,67,926 equity shares of ₹10 each.
Historical Stock Returns for Onix Solar Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | -22.58% | -22.58% | -22.58% | -22.58% | -22.58% |
What strategic rationale might drive Abhishek Ashvinbhai Kamdar to reduce his stake from 10.82% to 7.67%, and does this signal a lack of confidence in Onix Solar's near-term growth?
How will this significant reduction in promoter-related holding impact Onix Solar Energy's stock liquidity and volatility in the coming quarters?
Given the mixed off-market and on-market nature of the sale, who was the primary acquirer, and does their identity suggest institutional interest or a private equity takeover attempt?
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