The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for East India Udyog Ltd & Others
SOFTTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
East India Udyog Ltd along with PACs Helix Probuild LLP and Udyat Indian Ventures LLP have sold 3,61,419 equity shares (2.611% stake) in SoftTech Engineers Ltd between July 9, 2024 and May 18, 2026. East India Udyog Ltd sold 3,27,285 shares (2.364%) reducing its holding from 7.982% to 5.618%, while Helix Probuild LLP sold 34,134 shares (0.247%). The combined promoter group holding decreased from 13.961% to 11.350%. The transaction was conducted in the open market. The filing notes that previous reductions of 2.03% by East India Udyog and 7.80% by Udyat Indian Ventures were also reported earlier.
Promoter group stake has reduced by approximately 2.6%, indicating selling pressure from insider/promoter entities. While holding remains above 10%, continued selling could signal lack of confidence or fund-raising needs.