Aqylon Nexus promoter reduces stake by 1.48% via open market sale

1 min read     Updated on 05 Jun 2026, 04:27 PM
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AI Summary

Promoter Kurjibhai Premjibhai Rupareliya sold 37,58,170 shares of Aqylon Nexus Limited on June 4, 2026, reducing his total holding to 47.12%. The transaction, conducted via the open market, was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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Promoter Kurjibhai Premjibhai Rupareliya reduced his stake in aqylon nexus by selling 37,58,170 equity shares on June 4, 2026. The sale, conducted through the open market, represents 1.48% of the company's total paid-up share capital. Following the disposal, Rupareliya's shareholding has decreased from 48.60% to 47.12%.

The disclosure was submitted to the stock exchanges in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the transaction, the promoter held a total of 12,33,22,428 shares, which included both voting rights and encumbered shares. The total equity share capital of the company remains unchanged at 25,37,30,560 shares of ₹1 each.

Shareholding Details

The breakdown of the promoter's holdings before and after the transaction is detailed below:

Description Number of Shares % of Total Share Capital
Holding Before Sale
Shares carrying voting rights 9,43,22,428 37.17%
Shares in encumbrance 2,90,00,000 11.43%
Total 12,33,22,428 48.60%
Disposal
Shares sold 37,58,170 1.48%
Holding After Sale
Shares carrying voting rights 9,05,64,258 35.69%
Shares in encumbrance 2,90,00,000 11.43%
Total 11,95,64,258 47.12%

Transaction Overview

The shares were sold on the open market, and the intimation regarding the sale was dated June 5, 2026. The promoter continues to hold a significant portion of the company's equity, with 2,90,00,000 shares remaining encumbered. Aqylon Nexus Limited is listed on both BSE Limited and National Stock Exchange of India Limited.

Historical Stock Returns for Aqylon Nexus

1 Day5 Days1 Month6 Months1 Year5 Years
+0.99%-6.75%+17.21%-53.83%-88.98%+33,272.22%

What are the potential reasons behind the promoter's decision to reduce their stake at this time?

How might the market react to this sale in terms of Aqylon Nexus's stock price?

Will the promoter continue to reduce their holding in the near future?

Leading Leasing Finance cuts stake in Aqylon Nexus to 12.87%

1 min read     Updated on 05 Jun 2026, 03:51 PM
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Naman SScanX News Team
AI Summary

Leading Leasing Finance and Investment Company Limited sold 12,00,000 equity shares in Aqylon Nexus Limited on June 4, 2026, reducing its stake to 12.87%. The transaction was conducted via the open market and disclosed under SEBI takeover regulations.

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Leading Leasing Finance and Investment Company Limited has reduced its shareholding in Aqylon Nexus Limited by selling 12,00,000 equity shares via the open market. The transaction, executed on June 4, 2026, represents 0.47% of the target company's total paid-up share capital. The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this disposal, the acquirer held 3,38,62,121 shares, accounting for 13.34% of the total voting capital. Following the sale, the entity's stake has decreased to 3,26,62,121 shares, which constitutes 12.87% of the total share capital. The acquirer clarified that it does not belong to the promoter or promoter group of the target company.

Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Networks Limited, has its shares listed on both BSE Limited and National Stock Exchange of India Limited. The total equity share capital of the target company remains unchanged at 25,37,30,560 equity shares of ₹1 each. The diluted share/voting capital is also stated as 25,37,30,560 equity shares.

The filing was signed by Ketan Kumar Gosai, Managing Director of Leading Leasing Finance and Investment Company Limited. The disclosure confirms that the shares sold carried voting rights and that there were no other instruments such as warrants or convertible securities involved in the transaction. The acquirer has requested the stock exchanges to take the disclosure on record.

Shareholding Details

Parameter Before Disposal After Disposal
Number of Shares 3,38,62,121 3,26,62,121
% of Total Share Capital 13.34% 12.87%
% of Diluted Share Capital 13.34% 12.87%

Historical Stock Returns for Aqylon Nexus

1 Day5 Days1 Month6 Months1 Year5 Years
+0.99%-6.75%+17.21%-53.83%-88.98%+33,272.22%

Will Leading Leasing Finance and Investment Company Limited continue to reduce its stake in Aqylon Nexus Limited in the coming quarters?

How might this divestment impact the stock price and trading volume of Aqylon Nexus Limited in the near term?

Does this sale indicate a shift in investment strategy for Leading Leasing Finance and Investment Company Limited?

More News on Aqylon Nexus

1 Year Returns:-88.98%