The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pari Washington India Master Fund Ltd & PAC
ELGIEQUIP · price
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Awaiting price reaction for this filing.
Pari Washington India Master Fund, along with its Persons Acting in Concert (Pari Washington Investment Fund), sold 34,15,786 shares (1.08%) of Elgi Equipments through open market between July 8 and July 9, 2025. The foreign investor is not part of the promoter group. Before the sale, the fund held 2,61,38,193 shares (8.25%), which has now reduced to 2,27,22,407 shares (7.17%) of the company. The transaction was disclosed under SEBI's Takeover Regulations, which mandate reporting when a non-promoter holding changes by 1% or more. The total equity share capital of Elgi Equipments stands at 31,69,09,016 shares.
A foreign institutional investor trimming its stake by over 1% in two days may create mild short-term selling pressure on the stock. However, since the sale was through orderly open-market transactions and the fund is not a promoter, this is unlikely to materially impact long-term investor confidence. Retail investors should monitor if further sales follow.