The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aidos India Fund Ltd & PACs
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Awaiting price reaction for this filing.
Aidos India Fund Limited, a Mauritius-based Qualified Institutional Buyer, along with its PAC Arrow Emerging Opportunities Fund Limited, sold 96,21,060 shares (4.13%) of Integrated Industries Limited (BSE: 531889) through open market transactions on NSE and BSE on April 16, 2025. Before the sale, the combined holding stood at 1,01,21,060 shares (4.34%); after the sale, it dropped to just 5,00,000 shares (0.21%). Aidos India Fund completely exited its position (from 1.94% to 0%), while Arrow Emerging Opportunities Fund retained a small 0.21% stake. The acquirer explicitly clarified it is not part of the promoter or promoter group.
This is a near-complete exit by a foreign institutional investor, which is a negative signal for the stock as it indicates loss of confidence from a sophisticated QIB shareholder. Retail investors should note the reduced institutional float and watch for follow-on selling pressure.