The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for BNP Paribas S.A.
GEOJITFSL · price
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BNP Paribas S.A. and its group entity BNP Paribas India Holding Private Limited, both classified as promoters of Geojit Financial Services, have sold a total of 5,713,340 equity shares (about 2.05% of the company's share capital) on the NSE. BNP Paribas S.A. sold 3,527,415 shares gradually between November 2022 and May 2025, while BNP Paribas India Holding fully exited its 0.78% holding (2,185,925 shares) on June 2-3, 2025. Combined promoter holding has come down from 25.44% to 24.43%. This is a routine SEBI disclosure under Regulation 29(2) of the Takeover Regulations, filed because the group's holdings crossed reporting thresholds.
This is a steady, open-market reduction by a foreign promoter over a long period and is not a one-time block deal. For shareholders, it means slightly more supply on the table from the promoter group, but the overall promoter stake remains healthy at 24.43%. There is no change of control and no mandatory open offer triggered.