The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lighthouse India Fund III, Ltd & PAC
SHAILY · price
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Awaiting price reaction for this filing.
Lighthouse India Fund III (along with its PAC, Lighthouse India III Employee Trust), a non-promoter foreign fund, sold 1,101,052 equity shares (2.40%) of Shaily Engineering Plastics Ltd through the open market on 20 August 2025. Before the sale, the combined holding was 2,558,505 shares (5.57%); after the sale, it stands at 1,457,453 shares (3.17%). Lighthouse India Fund III alone cut its stake from 5.52% to 3.14%, while the Employee Trust moved from 0.05% to 0.03%. The acquirer confirmed it does not belong to the promoter/promoter group, and there are no encumbrances involved.
An FII trimming its stake from 5.57% to 3.17% signals reduced institutional confidence and could weigh on short-term sentiment, though the trade was executed in the open market and the seller is not a promoter, so implications are limited to portfolio rebalancing rather than any strategic change.