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.

Decillion Finance Ltd has seen a significant reduction in stake by Sri Salasar Suppliers Private Limited through two separate transactions on the Bombay Stock Exchange (BSE). Sri Salasar Suppliers, which is not part of the promoter or promoter group of Decillion Finance, executed these sales in open market transactions.

First Transaction

In the first transaction, Sri Salasar Suppliers sold 751,693 equity shares, representing 2.16% of the total equity and voting share capital of Decillion Finance. This sale took place over multiple dates between October 20 and November 11, 2022. Following this disposal, Sri Salasar Suppliers' holding in Decillion Finance decreased from 9.11% to 6.95%.

Second Transaction

The second transaction involved the sale of 108,374 equity shares, accounting for 3.10% of Decillion Finance's total equity and voting share capital. This disposal occurred on various dates between November 14 and November 22, 2022. After this sale, Sri Salasar Suppliers' stake in Decillion Finance further reduced from 6.95% to 3.86%.

Impact on Shareholding

The combined effect of these two transactions resulted in Sri Salasar Suppliers divesting a total of 5.26% of its stake in Decillion Finance. The company's shareholding decreased from an initial 9.11% to 3.86% following the completion of both sales.

About Decillion Finance Ltd

Decillion Finance Ltd is listed on both the BSE (scrip code: 539190) and the Calcutta Stock Exchange (scrip code: 013097). The company has a total equity share capital of Rs. 3.50 crore, comprising 35 lakh equity shares with a face value of Rs. 10 each.

Regulatory Compliance

These transactions were reported in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sri Salasar Suppliers Private Limited duly informed Decillion Finance Ltd about these disposals, adhering to the regulatory requirements for transparency in stock market transactions.

The disclosures provided by Sri Salasar Suppliers demonstrate the company's commitment to maintaining transparency in its dealings, which is crucial for the proper functioning of the stock market and for keeping investors informed about significant changes in shareholding patterns.