The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dalmia Cement (Bharat) Ltd & PACs
IEX · price
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Awaiting price reaction for this filing.
Dalmia Cement (Bharat) Ltd along with persons acting in concert (DPVL Ventures LLP and Dalmia Power Ltd) sold 2,17,59,948 equity shares (2.44%) of Indian Energy Exchange Ltd (IEX) in the open market between June 3 and June 10, 2025. Before the sale, the combined holding stood at 11,81,26,656 shares (13.25%), which has now reduced to 9,63,66,708 shares (10.81%). The disclosure confirms the sellers do not belong to the promoter/promoter group of IEX. The total equity share capital of IEX remains unchanged at 8,91,69,2735 shares of Re. 1 each. This is a significant block sale by a major non-promoter shareholder that has crossed below the 11% ownership mark.
The reduction in a large non-promoter shareholder's stake from 13.25% to 10.81% signals potential trimming by a long-term investor, which could create short-term supply pressure on the stock. Retail investors should note that the exit is sizeable but not from the promoter group, and watch for any further disclosures.