The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for South Asia Growth Fund II Holdings, LLC
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South Asia Growth Fund II Holdings, LLC, a foreign private equity investor based in the US, has filed a disclosure under SEBI SAST Regulation 29(2) for the sale of equity shares of Premier Energies Limited through the open market. The seller is classified as a non-promoter entity. The transaction was carried out on the BSE and NSE platforms. While the exact number of shares and percentages are not clearly visible in the filing, the disclosure indicates a reduction in the foreign fund's stake in the company. The filing was made on June 12, 2025.
This signals a partial exit or stake reduction by a foreign institutional investor in Premier Energies. Retail investors should monitor whether this is a one-off sale or part of a broader trend of FII selling, as continued exits could weigh on the stock price in the short term.