The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Goldman Sachs Asset Management International & PACs
NETWEB · price
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On the reaction day the stock moved 7.2 pts more than Nifty Smallcap 250 and 7.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Goldman Sachs Asset Management International along with three PACs (GSAM LP, GSAM B.V., and GSAM Singapore) sold 1,134,042 equity shares of Netweb Technologies in the open market on 16 September 2025, representing 2.002% of the company's share capital. This brought their combined holding down from 5.481% (3,073,077 shares) to 3.423% (1,939,035 shares), meaning they have ceased to be a substantial shareholder of the company. The seller clarified it is not part of the promoter/promoter group. A footnote notes that an additional 1,001,046 shares (1.767%) were sold in multiple tranches between July 2023 and September 2025 prior to this disclosure, with 132,996 shares (0.235%) sold on the disclosure date.
A well-known foreign institutional investor exiting below the 5% substantial-shareholder threshold could create near-term selling pressure perception and signal weakening institutional conviction, though the open-market nature limits any single-day impact on the stock price.