StockWatch
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Stockbroking & Allied
Shareholding17 Jul 2026, 05:41 pm

Share India Algoplus Sells 13.06% Stake in Swastika Investmart

AI Summary

Share India Algoplus Private Limited has disclosed the disposal of 26,25,000 equity shares, representing 13.06% of the total share capital, in Swastika Investmart Limited. The sale was conducted through open market transactions on July 15, 2026. Following the disposal, Share India Algoplus Private Limited no longer holds any shares in Swastika Investmart Limited. The total value of the sale was ₹4,01,97,000. This transaction triggered a change in shareholding exceeding the prescribed disclosure threshold under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Share India Algoplus sold 13.06% stake in Swastika Investmart.
  • Disposal of 26,25,000 shares via open market transactions.
  • Sale value amounted to ₹4,01,97,000.
  • Acquirer no longer holds any shares post-disposal.
  • Disclosure made under SEBI Takeover Regulations.