The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for B W LPG Shipping FZCO
CONFIPET · price
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BW LPG Shipping FZCO, a Dubai-based entity and not part of the promoter group, has sold its entire 2,82,29,120 equity shares (8.50% stake) in Confidence Petroleum India Ltd through an off-market transaction on June 2, 2026. Before the sale, BW LPG held 8.50% of the company's voting capital; after the transaction, its holding stands at NIL. The company's total equity share capital remains unchanged at 33,22,41,043 shares. The filing has been made under Regulation 29(2) of SEBI's Takeover Regulations, which requires disclosure when a shareholder's stake crosses or falls below certain thresholds.
A complete exit by a sizeable non-promoter foreign shareholder (8.50%) via a single off-market deal is a notable event — retail investors should watch for the price at which the block deal was executed, as it may indicate the seller's valuation view and could influence short-term sentiment on the stock.