Multiple Institutional Exits Continue as AscentEdge Advisors Reduces Harmony Capital Stake

2 min read Updated on 27 Feb 2026, 08:48 PM

Reviewed by

Naman SScanX News Team

Overview

AscentEdge Advisors LLP has reduced its stake in Harmony Capital Service Ltd by selling 2,00,000 shares (6.67%) through an open offer, retaining 4.99% holding. This follows recent complete exits by Sixth Venture Advisors LLP (23.33% stake) and NYRA Business Development LLP (11.66% stake), highlighting continued institutional divestment in the BSE-listed company.

*this image is generated using AI for illustrative purposes only.

A series of substantial institutional divestments continues in Harmony Capital Service Ltd, with AscentEdge Advisors LLP becoming the latest entity to reduce its stake in the BSE-listed company. The firm disclosed the sale of 2,00,000 shares representing 6.67% of the company's voting capital through an open offer transaction on February 25, 2026.

Latest Transaction Details

AscentEdge Advisors LLP executed a partial divestment of its stake in Harmony Capital Service Ltd on February 25, 2026. The transaction was conducted through an open offer mechanism, with the firm retaining a residual holding of 4.99%.

Transaction Parameter:	Details
Shares Sold:	2,00,000
Percentage Sold:	6.67%
Transaction Mode:	Open Offer
Completion Date:	February 25, 2026
Post-Sale Holding:	1,50,000 shares (4.99%)
Entity Type:	Non-Promoter

Shareholding Transformation

The transaction represents a strategic reduction in AscentEdge Advisors LLP's position, with the entity reducing its holding from 11.66% to 4.99%. Prior to the sale, the entity held 3,50,000 shares with full voting rights and no encumbrances.

Shareholding Status:	Before Sale	After Sale	Change
Number of Shares:	3,50,000	1,50,000	-2,00,000
Voting Rights (%):	11.66%	4.99%	-6.67%
Encumbered Shares:	Nil	Nil	-
Other Instruments:	Nil	Nil	-

Previous Institutional Exits

This transaction follows other significant divestments in Harmony Capital Service Ltd. Sixth Venture Advisors LLP completed a full exit of its entire 7,00,000 share holding representing 23.33% of the company's voting capital through an open offer transaction on February 25, 2026. Additionally, Drishya Advisory LLP recently completed a substantial sale of 3,50,000 shares representing 11.67% of the company's voting capital on February 24, 2026, though it retained a residual holding of 0.50%. NYRA Business Development LLP also executed a complete exit of its 11.66% stake through an open offer on February 25, 2026.

Company Structure

Harmony Capital Service Ltd maintains a consistent equity share capital structure of 30,00,900 equity shares, with no changes to the total diluted share capital following these transactions. The company remains listed on BSE Limited.

AscentEdge Advisors LLP, registered with LLPIN ACE-9733, operates from its registered office at Next 13 122, Ramabai, Ambedkar Nagar EEH Road, Mumbai, 400075. The entity confirmed it does not belong to the promoter or promoter group of Harmony Capital Service Ltd.