The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GIC Pvt Ltd
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GIC Private Limited, acting on behalf of the Government of Singapore, Monetary Authority of Singapore, and Gamnat Pte Ltd, sold 329,563 equity shares (0.077%) of Prestige Estates Projects Ltd in an open market transaction on 02 April 2026. GOS sold 299,305 shares, MAS sold 30,258 shares, while Gamnat held its position unchanged. After the sale, GIC's total holding reduced to 12,668,828 shares representing 2.941% of the company's equity share capital. The disclosure notes that GIC previously held 5.013% as of March 2024 and has been selling in multiple non-reportable tranches, with this filing triggered because the cumulative change exceeded the Regulation 29(2) disclosure threshold.
GIC's continued reduction of its stake in Prestige Estates suggests a gradual exit by this sovereign wealth fund investor, which could signal reduced institutional confidence in the stock to other market participants.