The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HB Portfolio Ltd
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HB Portfolio Limited, a non-promoter entity, has disclosed the sale of 17,51,768 equity shares (2.01%) of DCM Shriram Industries Limited through open market transactions on the stock exchange. The sale was carried out over a period from 19 July 2023 to 4 August 2025, and the disclosure was filed on 5 August 2025. Following this sale, HB Portfolio's holding in DCM Shriram Industries has dropped from 6.47% (55,51,769 shares) to 4.37% (38,00,001 shares), along with PAC Mr. Lalit Bhasin holding 0.09%. The acquirer is explicitly stated as not belonging to the promoter/promoter group of the company.
This is a non-promoter investor reducing its stake by selling shares in the open market, which is a routine portfolio rebalancing activity. The late disclosure (filing in August 2025 for transactions dating back to July 2023) may raise minor governance concerns, but there is no direct impact on promoter control or company fundamentals.