The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GIC Pvt Ltd
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Awaiting price reaction for this filing.
GIC Private Limited, a foreign institutional investor managing funds for the Government of Singapore and Monetary Authority of Singapore, sold 327,044 equity shares (0.584%) of Data Patterns (India) Ltd in the open market on 21 May 2025. GOS sold 284,964 shares and MAS sold 42,080 shares in this tranche. As a result, GIC's aggregate holding in the company fell from 4.399% (2,462,552 shares) to 3.814% (2,135,508 shares). The disclosure was triggered because GIC's cumulative sales since its last disclosure in February 2024 crossed the 2% reporting threshold under SEBI's Takeover Regulations. Back in February 2024, GIC held 6.32% of the company and has been gradually trimming its position through multiple smaller, non-reportable tranches over the past year.
GIC is not a promoter — it is a foreign sovereign wealth fund acting purely as a portfolio investor. The sale is part of a slow, multi-tranche reduction (from 6.32% to 3.814% over 15 months) rather than a sudden exit, so the immediate price impact should be limited. However, retail investors may view continued selling by a marquee foreign institutional shareholder as a mild negative signal on valuation.