360 ONE Asset Management Limited has submitted to the Exchange a copy of Disclosures under Regulation 29(1) of SEBI (Substantial Disposalof Shares and Takeovers) Regulations, 2011
FAIRCHEMOR · price
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Awaiting price reaction for this filing.
360 ONE Asset Management Limited has filed a disclosure with the Exchange under Regulation 29(1) of SEBI (Substantial Disposal of Shares and Takeovers) Regulations, 2011. This filing indicates that the asset manager has undergone a change in its shareholding in Fairchem Organics by more than 2% during the quarter, triggering the mandatory disclosure requirement. 360 ONE Asset Management is an institutional/foreign portfolio investor in the company. The exact quantum of shares sold and the revised holding percentage are not detailed in the headline and would need to be checked in the full disclosure document.
This signals a meaningful reduction in institutional (likely FII) ownership in Fairchem Organics, which could be mildly negative for the stock in the short term depending on whether the selling pressure has fully played out or continues.