Non-promoter Paterson & Co sells 7.06 lakh shares (3.25%) of India Cements Capital
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On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Paterson & Co (represented by M. Amarnath and Vidya Amarnath), a non-promoter group, sold 7,06,046 equity shares (3.25%) of India Cements Capital Ltd. through an open market sale on 14-Jul-2026. Their holding dropped from 49,06,046 shares (22.60%) to 42,00,000 shares (19.35%) of the company. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011 with BSE.
Non-promoter stake falls below 20 percent; signals trimming by a large non-promoter shareholder, which may weigh on sentiment.