The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for 360 ONE Special Opportunties Fund Series 2
NORTHARC · price
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Awaiting price reaction for this filing.
360 ONE Special Opportunities Fund Series 2, along with PACs (Series 3 and Series 7), sold 33,44,030 equity shares (2.07%) of Northern Arc Capital in the open market on April 9, 2025. Before the sale, the combined holding stood at 1,29,83,503 shares (8.04%), which has now dropped to 96,39,473 shares (5.97%). Notably, 360 ONE Special Opportunities Fund Series 3 has completely exited its position, now holding NIL shares. This disclosure was filed under SEBI SAST Regulation 29(2) since the holding crossed the 2% reporting threshold. The acquirer is not part of the promoter/promoter group.
A notable institutional investor has trimmed its stake by over 2% via open market sale, which may put mild pressure on the stock in the short term as it signals reduced institutional confidence. However, since the buyer pool is unknown, this is not necessarily bearish long-term.