NewsCorporate ActionsVivanza Biosciences Promoter Reduces Stake by 3.07% Through Market TransactionVivanza Biosciences Promoter Reduces Stake by 3.07% Through Market Transaction
Parth H. Parikh, a promoter of Vivanza Biosciences Limited, sold 12,28,781 shares (3.07% of total share capital) in an on-market transaction on October 29, 2024. This reduced his shareholding from 31.58% to 28.50%. The company's total equity share capital stands at 40,000,000 shares with a face value of Rs. 1 per share.
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Vivanza Biosciences Limited , a pharmaceutical company, has reported a significant change in its promoter shareholding. Parth H. Parikh, a promoter of the company, has reduced his stake through an on-market transaction. The details of this transaction and its impact on the company's shareholding structure are as follows:
Transaction Details
| Aspect | Details |
|---|---|
| Promoter Name | Parth H. Parikh |
| Transaction Date | October 29, 2024 |
| Shares Sold | 12,28,781 |
| Percentage of Total Share Capital | 3.07% |
| Transaction Type | On-market |
Impact on Shareholding
| Aspect | Before Transaction | After Transaction |
|---|---|---|
| Shares Held | 1,26,29,697 | 1,14,00,916 |
| Shareholding Percentage | 31.58% | 28.50% |
Company Share Capital Information
| Aspect | Details |
|---|---|
| Total Equity Share Capital | 40,000,000 shares |
| Face Value per Share | Rs. 1 |
This transaction represents a notable reduction in the promoter's stake in Vivanza Biosciences Limited. The sale of over 12 lakh shares has decreased Parth H. Parikh's shareholding by 3.08 percentage points, from 31.58% to 28.50% of the company's total share capital.
It's important to note that this disclosure was made in compliance with the Securities and Exchange Board of India (SEBI) regulations concerning substantial acquisition of shares and takeovers. Such disclosures are crucial for maintaining transparency in the stock market and keeping investors informed about significant changes in company ownership.
The reasons behind the promoter's decision to reduce their stake are not disclosed in the available information. Investors and market analysts may closely monitor further developments or any subsequent disclosures from the company for additional context regarding this shareholding change.
Historical Stock Returns for Vivanza Biosciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -6.10% | -2.91% | -12.66% | -45.36% | -42.69% |
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