Submission of Disclosure u/r 29(2) of SEBI (Substantial Acquisition shares and Takeovers ) Regulations, 2011
Awaiting price reaction for this filing.
Sunshine Capital Ltd has submitted a SEBI SAST Regulation 29(2) disclosure received from Blue Bell Finance Ltd, a non-promoter entity. Blue Bell Finance sold 11,50,97,694 equity shares (2.20% of total share capital) via open market in two tranches: 4,04,00,000 shares on 13 August 2025 and 7,46,97,694 shares on 19 August 2025. Before the sale, Blue Bell Finance held 59,01,94,551 shares (11.29%), and after the sale its holding has dropped to 47,50,96,857 shares (9.09%) of Sunshine Capital. The total equity share capital of the company remains 5,22,91,72,000 shares of Re. 1 each.
A non-promoter shareholder reducing its stake from 11.29% to 9.09% means it has now fallen below the 10% disclosure threshold, which may lead to further regulatory disclosures. For retail investors, this is a noteworthy open-market supply event but does not affect promoter holding or company fundamentals directly.