The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for 360 ONE Special Opportunities Fund Series 4 & Others
NORTHARC · price
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Awaiting price reaction for this filing.
360 ONE Alternates Asset Management, acting as investment manager for three Special Opportunities Funds (Series 4, 5, and 7), has sold its entire stake of 1,95,10,916 shares (12.09% of total share capital) in Northern Arc Capital Limited through open market transactions. The sale was completed on June 20, 2025, reducing the funds' combined holding from 12.09% to NIL. The acquirer is not part of the promoter/promoter group. This disclosure was filed under SEBI SAST Regulation 29(2) because the holding change exceeded the 2% reporting threshold.
A large institutional investor (360 ONE funds) has completely exited its position in Northern Arc Capital, which could create short-term selling pressure on the stock as the 12% stake is absorbed by the market. Existing shareholders should monitor price action around the sale and watch for new disclosures on who has picked up these shares.