The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Capital Affordable Real Estate Fund 1
ARVSMART · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HDFC Capital Affordable Real Estate Fund-1 (HCARE-1), a Category II alternative investment fund, sold 23,00,000 shares (about 5.01% of equity capital) of Arvind SmartSpaces in the open market on February 17, 2026. Before the sale, HCARE-1 held 40,32,200 shares (8.79%), which has now fallen to 17,32,200 shares (3.78%). HCARE-1 is not part of the promoter group, so this is an institutional investor trimming its position. The disclosure was filed by Vistra ITCL (India) Ltd, the trustee for HCARE-1.
This is a non-promoter institutional investor reducing its stake by more than 2% in a single transaction, which could create short-term supply pressure on the stock. However, the fund is not a promoter, so there is no change in control or promoter holding – existing shareholders should view this as portfolio rebalancing by one investor rather than a negative signal about the company's prospects.