Thirani Projects Limited , a company listed on the Bombay Stock Exchange (BSE), has reported that APA Distributors LLP, a promoter group entity, has completely divested its stake in the company through a series of open market transactions. The firm sold its entire holding of 27,86,865 equity shares, representing a 13.79% stake in Thirani Projects Limited.

Divestment Details

The stake sale was executed across three trading sessions:

Following these transactions, APA Distributors LLP no longer holds any shares in Thirani Projects Limited.

Company Information

Thirani Projects Limited is listed on the Bombay Stock Exchange (BSE) with the scrip code 538464. The company's total equity share capital stands at Rs. 20.21 crores, divided into 2.02 crore equity shares with a face value of Rs. 10 each.

Regulatory Compliance

In compliance with regulatory requirements, APA Distributors LLP has filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Additionally, Thirani Projects Limited has submitted the required continual disclosure under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

This significant change in shareholding structure could potentially impact the company's ownership dynamics. Investors and market participants are advised to take note of this development in their assessment of Thirani Projects Limited.

Thirani Projects Limited , a company listed on the BSE, has witnessed a significant change in its shareholding pattern as one of its promoter group entities reduced its stake. APANAPAN DISTRIBUTORS LLP, identified as part of the promoter group, has sold a substantial portion of its holdings in the company through open market transactions.

Transaction Details

The sale occurred over three days in early September:

• September 1-2: 2,83,135 shares (1.40% of total equity) sold
• September 3: 10,00,000 shares (4.95% of total equity) sold

In total, APANAPAN DISTRIBUTORS LLP divested 12,83,135 equity shares, representing 6.35% of Thirani Projects Limited's total equity share capital.

Impact on Shareholding

As a result of this transaction:

• APANAPAN DISTRIBUTORS LLP's holding in Thirani Projects decreased from 20.14% to 13.79%
• The total promoter group holding in the company has been reduced accordingly

Company Information

Thirani Projects Limited has a total equity share capital of Rs. 20,21,28,750, divided into 2,02,12,875 equity shares of Rs. 10 each. The company is listed on the BSE with the scrip code 538464.

Regulatory Compliance

In compliance with SEBI regulations, APANAPAN DISTRIBUTORS LLP has made the necessary disclosures:

1. Declaration under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
2. Continual disclosure under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015

These disclosures were filed with the BSE and the company on September 3.

Market Implications

Significant changes in promoter holdings often attract market attention. Investors and market analysts may closely watch for any potential impact on the company's stock price or any further changes in the shareholding pattern.

Thirani Projects Limited's management has acknowledged receipt of the disclosures and has duly informed the stock exchange as per regulatory requirements.

Shareholders and potential investors are advised to consider this information while making investment decisions and to keep an eye on any further announcements from the company or its promoter group.