Decillion Finance Limited has reported a significant change in its shareholding structure, as Gangadhar Dealers Pvt Ltd has completely divested its stake in the company. This move comes as part of a substantial acquisition of shares disclosure made under Securities and Exchange Board of India (SEBI) regulations.

Key Details of the Transaction

Transaction Breakdown

The sale of shares was executed over two consecutive days:

• November 22, 2022: 1,10,000 shares sold
• November 23, 2022: 50,000 shares sold

Both transactions were conducted through off-market deals, indicating a private arrangement between the seller and the buyer(s).

Impact on Company Structure

Following this divestment, Gangadhar Dealers Pvt Ltd no longer holds any stake in Decillion Finance Limited. The company's equity share capital remains unchanged at Rs 3.50 crores, suggesting that this transaction does not affect the overall capital structure of Decillion Finance.

Regulatory Compliance

The disclosure of this substantial share sale aligns with SEBI's regulations on the substantial acquisition of shares and takeovers. These regulations require prompt disclosure of significant changes in shareholding to ensure transparency in the market and protect investor interests.

Market Implications

While the immediate market reaction to this shareholding change is not provided in the available data, such significant stake sales can potentially impact investor sentiment and the stock's trading patterns. Investors and market analysts may closely monitor any subsequent changes in the company's shareholding pattern or performance metrics following this development.

It's important to note that the company has duly informed the Bombay Stock Exchange (BSE) and the Calcutta Stock Exchange about this transaction, adhering to the listing obligations and disclosure requirements.

As the financial landscape continues to evolve, stakeholders in Decillion Finance Limited will likely keep a close watch on any further developments or shifts in the company's ownership structure.

Decillion Finance Limited (TC) has experienced a significant change in its shareholding structure as Srivani Merchants Pvt Ltd divested its entire 4.77% stake in the company. The sale occurred over a period of nearly three weeks, resulting in Srivani Merchants' holding in Decillion Finance being reduced to zero.

Transaction Details

The stake sale was executed through a combination of open market and off-market transactions between November 4 and November 23, 2022. A total of 1,67,000 shares, representing 4.77% of Decillion Finance's total share capital, were sold during this period.

Impact on Share Capital

Despite this significant change in ownership, Decillion Finance's equity share capital remains unchanged at Rs 3.50 crore following the transaction. This indicates that the sale has not affected the company's overall capital structure but has only resulted in a shift in ownership.

Regulatory Compliance

As per the LODR (Listing Obligations and Disclosure Requirements) data, Srivani Merchants Pvt Ltd has made the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This compliance ensures transparency in the transaction and informs other stakeholders about the change in ownership.

Market Implications

While the immediate market reaction to this stake sale is not provided in the available data, such transactions can potentially influence investor sentiment and trading patterns. Stakeholders and potential investors may want to monitor any subsequent changes in Decillion Finance's performance or strategy that could result from this shift in ownership.

This transaction represents a complete exit of Srivani Merchants from Decillion Finance's ownership structure. The reasons behind this decision and its long-term implications for both entities remain to be seen.