Matrix Partners India Investment Holdings II, LLC has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Matrix Partners India Investment Holdings II, LLC, classified as a promoter of Five-Star Business Finance, has filed a declaration under SEBI Takeover Regulations confirming that it holds NIL shares of the company as of March 31, 2025. It also confirmed that no encumbrance or pledge was created on any shares during the financial year. Along with persons acting in concert (Matrix Partners India Investments II Extension, LLC), the entity has fully exited its shareholding in the company. The declaration is a year-end compliance requirement under Regulation 31(4) for promoters who no longer hold shares.
This confirms that Matrix Partners has completely sold off its promoter-classified stake in Five-Star Business Finance, which is a notable promoter exit and may affect the promoter holding composition of the company. Shareholders should watch for any consequent changes in promoter group classification.