The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for India Business Excellence Fund III
HAPPYFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.9 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
India Business Excellence Fund III, an institutional investor managed by MO Alternate Investment Advisors, has completely exited its position in Happy Forgings by selling an aggregate of 39,10,097 equity shares (4.15% of total share capital) through a series of open market transactions between June 17, 2025 and February 12, 2026. The fund's holding has gone from 4.15% to NIL (zero). The disclosure obligation under Regulation 29(2) of SEBI Takeover Regulations was triggered on February 12, 2026 when ~26.87 lakh shares were sold, breaching the 2% threshold. The seller is not part of the promoter or promoter group. Total share capital of the company remains 9,43,27,920 equity shares at face value of INR 2.
A complete exit by an institutional investor may be viewed negatively by the market as it reduces institutional holding, though the gradual selling over ~8 months likely absorbed the supply without major price disruption. Shareholders should note that another large block is now free float, which could support better liquidity going forward.