Navigant promoter reduces stake to 27.92% via open market sale

1 min read     Updated on 17 Jun 2026, 03:47 PM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

Sarthak Vijlani, a promoter of Navigant Corporate Advisors, sold 2,57,500 shares via an open market transaction on June 16, 2026. The sale reduced his holding to 8,80,250 shares, or 27.92% of the total voting capital, down from 36.09%. The disclosure was submitted to BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

powered bylight_fuzz_icon
43237062

*this image is generated using AI for illustrative purposes only.

Sarthak Vijlani, a promoter of navigant corporate advisors , reduced his stake in the company by selling 2,57,500 shares through an open market transaction on June 16, 2026. This sale decreased his holding from 36.09% to 27.92% of the total voting capital, impacting the promoter group's ownership structure.

The transaction was disclosed to the Bombay Stock Exchange Limited (BSE Limited) on June 17, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing detailed the changes in shareholding for the acquirer and Persons Acting in Concert (PAC), which include Priyanka Vijlani and Navigant IR Services Private Limited.

Prior to the sale, the acquirer and PACs held 11,37,750 shares carrying voting rights, accounting for 36.09% of the total share capital. Following the disposal of 2,57,500 shares, the combined holding stands at 8,80,250 shares. The total equity share capital of Navigant Corporate Advisors remains 31,52,750 equity shares with a face value of ₹10 each.

Shareholding Details

Description Number of Shares % of Total Share Capital % of Total Diluted Share Capital
Holding Before Sale
Shares carrying voting rights 11,37,750 36.09% 36.09%
Details of Sale
Shares carrying voting rights (sold) (2,57,500) (8.17%) (8.17%)
Holding After Sale
Shares carrying voting rights 8,80,250 27.92% 27.92%

The disclosure confirmed that no other changes occurred in encumbered shares, voting rights held otherwise than by shares, or convertible instruments. The acquirer belongs to the promoter and promoter group category.

Historical Stock Returns for Navigant Corporate Advisors

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-4.99%-9.73%-14.24%+25.72%+424.60%

What are the potential strategic reasons behind Sarthak Vijlani's decision to reduce his stake by over 8%?

How might this significant reduction in promoter holding influence investor confidence and the stock's liquidity?

Is there a risk of further stake dilution by the promoter group in the near future?

Navigant Corporate Advisors
View Company Insights
View All News
like19
dislike

Navigant promoter reduces stake to 36.09% via open market sale

1 min read     Updated on 02 Jun 2026, 04:30 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Promoter Sarthak Vijlani and the promoter group sold 1,30,000 shares of Navigant Corporate Advisors Limited on June 1, 2026, reducing their total holding from 40.21% to 36.09%. The open market sale was disclosed to the Bombay Stock Exchange under Regulation 29(2) of the SEBI Takeover Regulations. The company's total equity share capital remains 31,52,750 shares.

powered bylight_fuzz_icon
41943601

*this image is generated using AI for illustrative purposes only.

Promoter Sarthak Vijlani, acting on behalf of the promoter group, reduced his stake in Navigant Corporate Advisors Limited through an open market sale on June 1, 2026. The transaction involved the disposal of 1,30,000 equity shares carrying voting rights, decreasing the group's shareholding in the company. The sale was conducted in accordance with the provisions of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the transaction, the promoter group—including Sarthak Vijlani, Priyanka Vijlani, and Navigant IR Services Private Limited—held 12,67,750 shares, representing 40.21% of the total paid-up equity share capital. Following the sale of 1,30,000 shares, which accounted for a 4.12% reduction in stake, the group's holding has adjusted to 11,37,750 shares. This revised holding constitutes 36.09% of the company's total voting capital.

The equity share capital of Navigant Corporate Advisors Limited remains unchanged at 31,52,750 equity shares with a face value of Rs. 10 each. The total diluted share capital also stands at 31,52,750 shares. The disclosure confirms that no other instruments such as warrants, convertible securities, or encumbered shares were involved in the transaction.

Shareholding Details

The table below outlines the changes in the promoter group's shareholding pattern following the open market disposal:

Description Number of Shares % of Total Share Capital % of Total Diluted Share Capital
Holding Before Sale
Shares carrying voting rights 12,67,750 40.21% 40.21%
Details of Sale
Shares sold (1,30,000) (4.12%) (4.12%)
Holding After Sale
Shares carrying voting rights 11,37,750 36.09% 36.09%

The transaction was executed via the open market mechanism on June 1, 2026. Navigant Corporate Advisors Limited is listed on the Bombay Stock Exchange Limited (BSE). The formal disclosure regarding this substantial disposal was submitted to the exchange on June 2, 2026.

Historical Stock Returns for Navigant Corporate Advisors

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-4.99%-9.73%-14.24%+25.72%+424.60%

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

How might this reduction in promoter holding influence investor confidence and the stock's liquidity in the near term?

Is there a possibility of further stake sales by the promoter group in the upcoming quarters?

Navigant Corporate Advisors
View Company Insights
View All News
like16
dislike

More News on Navigant Corporate Advisors

1 Year Returns:+25.72%