Non-promoter fund cuts Intec Capital stake from 12% to 5%
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.1 pts more 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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India Business Excellence Fund II, a non-promoter shareholder, sold 14,32,444 equity shares of Intec Capital via open market between April 2022 and August 2026. The August 2026 disposal of 12,58,088 shares breached the 2 percent disclosure threshold. Holding fell from 22,84,356 shares (12 percent) to 8,51,912 shares (5 percent).
Major non-promoter fund exits from 12% to 5%, signaling reduced institutional confidence and possible overhang on the stock.