The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DSP Trustee Pvt Ltd
PRUDENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.4 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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DSP Trustee Private Limited, acting on behalf of DSP Mutual Fund schemes, DSP Alternative Investment Fund, and DSP Global Funds ICAV (collectively persons acting in concert), sold 1,70,822 shares of Prudent Corporate Advisory Services on March 27, 2025 through open market transactions. As a result, their combined holding dropped from 5.06% (20,96,437 shares) to 4.65% (19,25,615 shares) of the company's paid-up capital. The specific DSP MF schemes that sold include DSP Aggressive Hybrid Fund, DSP Flexi Cap Fund, DSP Focus Fund, and DSP Small Cap Fund. The disclosure was triggered because the holding change exceeded 2% since their last disclosure in September 2023. DSP is not part of the promoter group.
This is an institutional portfolio rebalancing by DSP Mutual Fund schemes, not a promoter action, so the negative signal is limited. The holding has now fallen below the 5% disclosure threshold, which removes one layer of mandatory reporting and may modestly reduce overhang on the stock.