The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neomile Growth Fund Series I & Neomile Corporate ....
SRM · price
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Awaiting price reaction for this filing.
Neomile Growth Fund-Series I, along with Neomile Corporate Advisory Limited, has sold 6,23,084 shares (2.71%) of SRM Contractors Ltd through open market transactions between 27th May and 29th May 2025. Their holding in the company has reduced from 17,53,408 shares (7.64%) to 11,30,324 shares (4.93%). The acquirer has confirmed it does not belong to the promoter or promoter group of the company. The total equity share capital of SRM Contractors remains unchanged at 2,29,44,200 shares.
This is a notable stake reduction by an institutional fund, which has now fallen below the 5% mark. Such selling by a non-promoter institutional investor may signal reduced institutional confidence or portfolio rebalancing, and could exert mild downward pressure on the stock in the short term.