The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PhonePe Ltd
MAPMYINDIA · price
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Awaiting price reaction for this filing.
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.