The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wasatch Advisors LP
FIVESTAR · price
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US-based investment manager Wasatch Advisors LP sold 1,856,571 shares (0.6303% stake) of Five-Star Business Finance Ltd in an open market transaction on May 13, 2026. Prior to the sale, Wasatch held 15,910,336 shares (5.4013%). After the sale, its holding reduced to 14,053,765 shares (4.771%). The transaction was disclosed under SEBI SAST Regulation 29(2), and Wasatch confirmed it is not a promoter or person acting in concert with the promoter group.
Wasatch Advisors, a registered foreign institutional investor, has reduced its holding below the 5% mark. While a ~0.63% sale is modest, crossing below the 5% threshold could signal a loss of investor confidence or portfolio rebalancing, worth monitoring for further selling pressure.