The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 04, 2025 for Sagility BV
SAGILITY · price
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Sagility B.V., the promoter of Sagility India Limited, has filed a disclosure under SEBI Takeover Regulations regarding an Offer for Sale (OFS) through the stock exchange mechanism that settled on May 28–29, 2025. Through this OFS, the promoter sold equity shares representing 15.02% of the company's total paid-up share capital, causing its holding to drop from 82.39% to 67.38% on a fully diluted basis. The filing also discloses that 3,154,129,152 shares (67.38% of total share capital) remain encumbered in favour of lenders including HSBC and CPPIB Credit Investments Inc., as security for financing availed by Sagility B.V. and Sagility Mezz B.V. This follows earlier intimations dated February 21, 2025 and May 29, 2025.
The 15% stake sale by the promoter is a significant dilution that increases the public float and free trading shares in the market, which is generally positive for liquidity but indicates the promoter is reducing its exposure. With promoter holding still high at 67.38%, control of the company remains unchanged, though investors should note that the entire remaining stake is pledged with lenders, signalling leveraged promoter financing.