The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 10, 2025 for Sagility BV
SAGILITY · price
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Sagility B.V., the promoter of Sagility India, has refiled its disclosure under SEBI Takeover Regulations to report changes in indirectly encumbered shares after an Offer for Sale (OFS). Through the OFS settled on May 28-29, 2025, the promoter sold 70.3 crore equity shares (15.02% of paid-up capital), reducing its stake from 82.39% (385.71 crore shares) to 67.38% (315.41 crore shares). Because the shares were subject to an indirect pledge tied to financing facilities availed by Sagility B.V. and Sagility Mezz B.V., the number of indirectly encumbered shares also dropped from 82.39% to 67.38%. Lenders involved include CPPIB Credit Investments Inc. and HSBC acting as security agents. The refiling was done in response to clarification requests from BSE.
The promoter remains the controlling shareholder with 67.38% stake, well above the minimum public shareholding threshold. While the pledge percentage decreased, the encumbered shares are still very high at 67.38%, meaning a large portion of promoter holdings is tied to debt obligations. The share sale through OFS increases public float and trading liquidity.