The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eriska Investment Fund Ltd
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Awaiting price reaction for this filing.
Eriska Investment Fund Ltd, a Mauritius-based foreign investor (not part of the promoter group), sold 21,00,000 shares (3.28% stake) of Sera Investments & Finance India Ltd through open market trades on BSE on July 9 and July 11, 2025. The total value of the sale was approximately ₹7.44 crore (₹3.59 crore for 10 lakh shares on July 9 and ₹3.84 crore for 11 lakh shares on July 11). Post-sale, Eriska's holding in the company declined from 9.87% (64,18,428 shares) to 6.59% (43,18,428 shares). This is a revised disclosure filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
A foreign institutional investor trimming its stake and falling below the 10% threshold signals possible portfolio rebalancing or reduced conviction. With holding now at 6.59%, future transactions by Eriska will carry lighter SAST disclosure requirements, but ongoing selling pressure could weigh on the stock.