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 institutional investor, has reduced its shareholding in Emergent Industrial Solutions Ltd from 4.65% (212,500 shares) to 3.08% (140,500 shares) on 30 October 2025. The transaction was executed through an open-market sale of 72,000 shares, representing a 1.57% decline in holding. The total equity share capital of the company stands at 45,69,000 shares. This is a regulatory disclosure under SEBI's SAST Regulations filed by an FII, not a promoter.
An FII trimming its position below the 5% threshold may be seen as a mild negative signal on sentiment, though the small size of the company limits broader market impact. The name has dropped off the 5% significant-holder list, which means future changes below 2% won't require SAST disclosure.