The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Florintree Technologies LLP
SOFTTECH · price
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Florintree Technologies LLP, classified as a non-promoter entity, sold its entire 16.23% stake (22,46,998 equity shares) in Softtech Engineers Ltd through an open market transaction on December 4, 2025. The total value of the deal is approximately Rs. 13.84 crores (around Rs. 616 per share implied). After this sale, Florintree's holding has come down to NIL, meaning it has completely exited the company. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, which is triggered when a shareholder holding 10% or more acquires or disposes of 2% or more of the company's shares. With Florintree not belonging to the promoter group, this is a significant non-promoter exit event.
A 16.23% open market block sale by a non-promoter entity is a large-scale exit and could create short-term supply pressure on the stock. However, since it is a complete exit, it removes a major non-promoter holder from the cap table, potentially reducing future overhang going forward.