The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mathew Cyriac & Others
RELINFRA · price
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Awaiting price reaction for this filing.
Mathew Cyriac (non-promoter) together with his PAC group - Florintree Insurtech LLP and Elimath Advisors Pvt Ltd - reported changes in their holding in Reliance Infrastructure on 31 October 2025, done through open market transactions. Mathew Cyriac sold 1.52 crore shares (3.72%), Florintree Insurtech sold 18.97 lakh shares (0.46%), and PAC entity Elimath Advisors bought 69.88 lakh shares (1.71%). The net effect is a group-level reduction of 1.01 crore shares, with combined holding falling from 5.64% (2.30 crore shares) to 3.16% (1.29 crore shares) - a drop of 2.48%. The filing is triggered because Mathew Cyriac's individual holding changed by more than 2%, exceeding the disclosure threshold even though the group's overall holding dropped.
This is a stake cut by a non-promoter investor group, which may create mild near-term selling pressure on the stock. The rebalancing within the PAC group (sell by individuals, partial buy by Elimath Advisors) suggests internal portfolio reshuffling rather than a full exit, but the overall reduction in a sizable holder is worth tracking.