The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for State Bank of India
TNTELE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.6 pts less than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
State Bank of India (SBI), which is not part of the promoter group, sold 9,23,726 equity shares (2.02%) of Tamilnadu Telecommunications Ltd in the open market between 14 December 2023 and 11 July 2025. Before the sale, SBI held 42,47,500 shares (9.30%); after the sale, its holding stands at 33,23,774 shares (7.28%). No encumbrance (pledge) was involved, and the entire transaction was executed via open-market route. This is a passive institutional investor trimming its position in the company.
SBI's stake has dropped from 9.30% to 7.28%, crossing further below the 10% mark. For retail investors, this signals a notable institutional exit but is not a promoter-driven event, so impact on stock price may be limited to short-term supply pressure.