Acquirers sell 2.27% stake in Yash Highvoltage via open market
Negen Undiscovered Value Fund, YR Investment Opportunities Fund, and Neil Madan Bahal sold 6,49,000 shares representing 2.27% of Yash Highvoltage Limited via open market transactions between August 18, 2025, and June 17, 2026. Following the sale, the acquirers' collective holding reduced to 9,86,690 shares, or 3.46% of the total voting equity share capital. The disclosure was made in compliance with Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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A group of acquirers including Negen Undiscovered Value Fund, YR Investment Opportunities Fund, and Neil Madan Bahal has sold a 2.27% stake in yash highvoltage through open market transactions. The sale of 6,49,000 fully paid-up equity shares reduced the acquirers' collective holding from 5.73% to 3.46% of the total voting equity share capital.
The transactions were executed between August 18, 2025, and June 17, 2026. The disclosure was submitted to the Bombay Stock Exchange - SME in compliance with Regulation 29 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates disclosure when shareholding changes exceed 2% of the total shareholding or voting rights in a target company.
Negen Undiscovered Value Fund and YR Investment Opportunities Fund are schemes of Negen Investment Trust, a Category III Alternative Investment Fund registered with SEBI. Both schemes are managed by Negen Capital Services Private Limited. Neil Madan Bahal serves as a Director and Ultimate Beneficial Owner at Negen Capital Services Private Limited, classifying the entities as under common management.
Prior to the sale, the acquirers held an aggregate of 16,35,690 shares. Negen Undiscovered Value Fund held 11,43,778 shares, Neil Madan Bahal held 2,76,912 shares, and YR Investment Opportunities Fund held 2,15,000 shares. During the specified period, Negen Undiscovered Value Fund sold 4,63,750 shares, while YR Investment Opportunities Fund sold 1,85,250 shares. Neil Madan Bahal did not sell any shares.
The total equity share capital of Yash Highvoltage Limited remained unchanged at 2,85,51,249 shares before and after the sale. The total diluted share capital post-acquisition stands at 2,96,93,249 shares.
Shareholding Details
| Entity Name | Shares Sold | Shares Held Post Sale | % of Total Voting Rights |
|---|---|---|---|
| Negen Undiscovered Value Fund | 4,63,750 | 6,80,028 | 2.38% |
| Neil Madan Bahal | - | 2,76,912 | 0.97% |
| YR Investment Opportunities Fund | 1,85,250 | 29,750 | 0.10% |
| Total | 6,49,000 | 9,86,690 | 3.46% |
Historical Stock Returns for Yash Highvoltage
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.12% | +0.96% | +14.46% | +100.91% | +124.25% | +194.70% |
What factors motivated Negen Capital to reduce its exposure to Yash Highvoltage despite the market remaining open?
Will the exit of substantial shareholders impact Yash Highvoltage's stock liquidity or volatility in the near term?
Does this divestment signal a shift in Negen Capital's investment strategy for the SME sector?































