Star Housing Finance Limited Completes Divestment of 21,82,200 Shares in Akme Fintrade India Limited
Star Housing Finance Limited has completed the sale of its entire 21,82,200 share holding in Akme Fintrade India Limited through open market transactions on March 30, 2026. The divestment represents a complete exit from the company's 0.51% stake, reducing its holding to zero. The transaction was disclosed to BSE on April 1, 2026, in compliance with SEBI regulations governing substantial share acquisitions and disposals.

*this image is generated using AI for illustrative purposes only.
Star Housing Finance Limited has completed the divestment of its entire shareholding in akme fintrade (india) Limited, selling 21,82,200 shares through open market transactions. The company filed the mandatory disclosure with BSE Limited on April 1, 2026, in accordance with SEBI regulations governing substantial share transactions.
Transaction Details
The share sale transaction was executed on March 30, 2026, through open market operations. Star Housing Finance, identified as belonging to the promoter group of Akme Fintrade, has completely exited its position in the target company.
| Parameter | Before Sale | Sale Transaction | After Sale |
|---|---|---|---|
| Shares Held | 21,82,200 | 21,82,200 | 0 |
| Percentage Holding | 0.51% | 0.51% | 0% |
| Voting Rights | 0.51% | 0.51% | 0% |
Regulatory Compliance
The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the disposal.
| Disclosure Details | Information |
|---|---|
| Target Company | Akme Fintrade India Limited |
| Seller | Star Housing Finance Limited |
| Transaction Mode | Open Market Sale |
| Transaction Date | March 30, 2026 |
| Filing Date | April 1, 2026 |
Share Capital Impact
Following the complete divestment, Star Housing Finance Limited no longer holds any equity shares or voting rights in Akme Fintrade India Limited. The transaction represents a full exit from the investment, reducing the company's holding from 0.51% to zero across all categories of shareholding.
The disclosure was signed by Nachiketa Purohit, Company Secretary & Compliance Officer, and Kalpesh Dave, Director & Chief Executive Officer of Star Housing Finance Limited, confirming the completion of all regulatory requirements for the share disposal transaction.
Historical Stock Returns for Akme Fintrade
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.14% | -3.10% | +10.00% | -15.38% | +16.92% | -41.45% |
What strategic factors prompted Star Housing Finance to completely exit its position in Akme Fintrade after being part of the promoter group?
Will Star Housing Finance use the proceeds from this divestment to strengthen its core housing finance business or pursue new investment opportunities?
How might this promoter group exit impact Akme Fintrade's future capital raising plans and corporate governance structure?


































