The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Massachusetts Institute of Technology
JGCHEM · price
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Massachusetts Institute of Technology (MIT) and its PAC 238 Plan Associates LLC have sold an aggregate of 138,586 equity shares of J.G.Chemicals Ltd on 21 July 2025 through open market transactions. The cumulative sales between 26 July 2024 and 21 July 2025 reduced their combined holding from 5.01% to 3.00% of the company's equity share capital, crossing the 2% disclosure threshold. MIT alone now holds 1,080,000 shares (2.76%) and 238 Plan holds 96,000 shares (0.24%), down from 3.07% and 0.28% respectively. The seller is not part of the promoter/promoter group. Total equity share capital of the company stands at 39,186,063 shares of face value INR 10 each.
This is a notable reduction in FII-level holding in the company, which may be viewed negatively by the market as it signals a foreign institutional investor exiting part of its position. Shareholders should note that MIT still retains a 3% stake, so it is not a complete exit, but the downward trend in foreign institutional holding is worth monitoring.