The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for UTI Investment Advisory Services Ltd
RADIANTCMS · price
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Awaiting price reaction for this filing.
UTI Investment Advisory Services Ltd, acting on behalf of Ascent India Fund III, sold 34,70,000 shares (3.25%) of Radiant Cash Management Services Ltd in the open market on March 28, 2025. This reduced its holding from 65,90,389 shares (6.18%) to 31,20,389 shares (2.92%). The selling entity is not part of the promoter/promoter group; it is a foreign portfolio investor (FII). The transaction was disclosed under SEBI Takeover Regulations. The share count numbers shown as Rs. 65,90,389 and Rs. 31,20,389 represent the number of shares (face value Rs. 1 each) held, not the total share capital of the company.
A 3.25% stake sale by an FII in the open market is a mild negative signal for short-term sentiment, as it adds supply pressure. However, since the seller is not a promoter, the core ownership structure of the company remains unaffected.