The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for FMR LLC & FIL Ltd
REDINGTON · price
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FMR LLC and FIL Ltd, acting as Foreign Portfolio Investors (FPIs) in Redington Ltd, sold 15,666,724 shares (2.01% of total share capital) in the open market over the period from November 1, 2022 to May 6, 2025. Their combined holding declined from 8.38% (65,448,517 shares) to 6.37% (49,781,793 shares). The sale was executed across multiple Fidelity-managed funds, with the largest individual fund being Fidelity Low-Priced Stock Fund - Cash Sub at 2.83%. The acquirers confirmed they are not part of the promoter/promoter group. Total share capital of Redington stood at 781,774,431 shares post-transaction.
This signals a meaningful reduction in institutional FPI ownership by a major global investor (Fidelity group), which may weigh on short-term sentiment. However, the post-sale holding of 6.37% means they remain a significant shareholder, and no SEBI takeover threshold has been breached.