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, a non-promoter shareholder, has sold its entire holding of 22,46,998 equity shares (16.23% of share capital) in Softtech Engineers Ltd on 4 December 2025 through the open market. The transaction is valued at approximately Rs. 13.84 crore, implying an average price of around Rs. 61.6 per share. After the sale, Florintree holds NIL shares in the company. The disclosure was filed under SEBI SAST Regulation 29(2) because the stake was above the 10% disclosure threshold. Total share capital and voting capital of the company remain unchanged at Rs. 13.84 crore (1,38,42,138 shares); only the holder changed.
A complete exit by a major 16.23% shareholder in the open market could create near-term supply overhang and put downward pressure on the stock price. Retail investors should monitor volumes and price action closely, as the seller was not a promoter but a significant non-promoter institutional-style investor.