The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PhonePe Ltd
MAPMYINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 0.8 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PhonePe Ltd, an existing equity shareholder (not part of the promoter group), sold 27,21,000 shares of C.E. Info Systems (MapMyIndia) — equal to 5% of total share capital — through an open market transaction on 12 June 2025. Prior to the sale, PhonePe held 1,01,97,966 shares (18.74% of the company); after the sale, its holding came down to 74,76,966 shares (13.74%). This is a mandatory disclosure under Regulation 29(2) of the SEBI Takeover Regulations, filed because the 5% sale crossed a reporting threshold. PhonePe remains a sizeable non-promoter shareholder in the company.
A 5% open-market exit by a major non-promoter shareholder can add supply pressure on the stock in the near term and may weigh on sentiment until a new anchor investor is identified. Retail investors should watch for any further sell-down by PhonePe and track volumes around key support levels.