The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GSEC Ltd
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GSEC Limited, part of the promoter group of Diamond Power Infrastructure, sold 1,57,50,000 equity shares (2.99% of the company) through an Offer for Sale (OFS) on 5th and 6th June 2025. After the sale, GSEC's holding dropped from 17,21,36,970 shares (32.67%) to 15,63,86,970 shares (29.68%). The total equity share capital of the company remains 52,69,71,060 shares of face value Re. 1 each. This is a promoter-group entity reducing its stake, not a fresh acquisition.
Promoter holding has come down by nearly 3%, which could create temporary supply-side pressure on the stock. However, since the sale was done via OFS (a transparent mechanism), it may be perceived as orderly, though retail investors should note the gradual decline in promoter ownership from 32.67% to 29.68%.