The Exchange has received a clarification letter from Sagility B. V. in connection with its earlier disclosure dated 04/06/2025 under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition ....
SAGILITY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sagility B.V. (Netherlands-based promoter entity) has responded to BSE's queries about its June 4, 2025 encumbrance filing under SEBI's Takeover Regulations. BSE flagged two issues: the event type was not specified as creation/release/invocation, and the pre-event encumbered share numbers did not match earlier disclosures. Sagility clarified that no new encumbrance was created or released — the change happened because it sold 70.3 crore equity shares (face value ₹10) through an Offer for Sale on the stock exchange. As a result, total shareholding fell, and indirectly encumbered shares dropped from 385.71 crore to 315.41 crore (a reduction of 70.3 crore).
No change in the actual encumbrance position of the promoter — this is a procedural clarification, not a new pledge event. However, the underlying OFS of 70.3 crore shares is a sizeable promoter sell-down, which increases float but signals reduced promoter holding in the company.