Decillion Finance has announced that Latangi Vyapaar Pvt Ltd has completely divested its stake in the company through a series of open market and off-market transactions.

Key Details of the Divestment

Impact on Shareholding

Following these transactions, Latangi Vyapaar Pvt Ltd's holding in Decillion Finance has been reduced to zero shares. The shares are listed on the Bombay Stock Exchange Limited.

Additional Information

The total equity share capital of Decillion Finance stands at Rs 3.50 crore. This divestment represents a significant change in the company's ownership structure.

These developments indicate a shift in Decillion Finance's investor base. While the reasons behind this divestment are not specified in the available information, such changes in ownership can sometimes reflect evolving investor perspectives or strategic realignments.

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.