The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for T. Rowe Price Associates, Inc. and its affiliates
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FII T. Rowe Price Associates, Inc. and its affiliates sold 9,973,151 shares (0.712%) of Indraprastha Gas Ltd on 29 April 2026 through open market sales. Before the sale, T. Rowe Price held 51,565,000 shares representing 3.683% of the company's total share capital of 1.4 billion shares. After the sale, their holding reduced to 41,591,849 shares or 2.971%. The acquirer confirmed they do not belong to the Promoter/Promoter group. The filing was submitted under Regulation 29(2) of SEBI SAST Regulations, 2011.
T. Rowe Price's reduction in stake represents a notable FII exit from Indraprastha Gas. While the absolute percentage sold is modest (under 1%), any significant FII selling can create negative sentiment for retail investors, as it may signal reduced institutional confidence in the stock near-term.