The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Davos International Fund
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Davos International Fund, a Mauritius-based foreign investor, has reduced its shareholding in Emergent Industrial Solutions Ltd from 3.08% (140,500 shares) to 1.60% (72,961 shares) through an open market sale on 6 November 2025. The transaction involved selling 67,539 shares, cutting the fund's stake by roughly half. The acquirer is not part of the promoter/promoter group. The company's total equity share capital stands at 45,69,000 shares. The disclosure was filed under SEBI SAST Regulation 29(2) by Mr. Nayan Kumar Agarwal, Director of the fund's management entity Grammont Management Ltd.
This is a notable FII selling pressure event — a foreign fund cutting its holding by nearly half could signal reduced institutional confidence or a portfolio rebalancing. Retail investors should monitor for further FII exits, as sustained selling by foreign investors may weigh on short-term stock price sentiment.