The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for CA Dawn Investments
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CA Dawn Investments, a Mauritius-based entity (not a promoter), has disclosed under SEBI SAST Regulation 29(2) the sale of its entire holding of 2,44,75,402 equity shares (10.20%) in Indegene Limited through open market transactions on 4 June 2025. After the sale, CA Dawn's holding stands at 0 shares (0.00%). Indegene's total equity share capital remains 24,00,07,962 shares as per the March 2025 shareholding pattern. The acquirer confirmed it is not part of the promoter/promoter group, indicating this is a foreign institutional investor exit.
A complete 10.20% stake exit by a foreign institutional investor through open market is a significant overhang event, likely creating supply pressure on the stock and signaling a loss of confidence by a large foreign holder. Existing shareholders may see short-term price weakness, though it also removes a potential future seller.