The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Intellectual Builders Pvt Ltd
Awaiting price reaction for this filing.
Intellectual Builders Pvt Ltd, a non-promoter entity, sold 19.65 crore equity shares (3.76% stake) of Sunshine Capital Ltd through open market on September 1-2, 2025. The holding dropped from 7.08% (37.06 crore shares) to 3.32% (17.41 crore shares), crossing below the 5% disclosure threshold. The sale was conducted in two tranches — 9.85 crore shares (1.88%) on Sept 1 and 9.80 crore shares (1.87%) on Sept 2. There were no encumbrances (pledge/lien) on the shares before or after the transaction. The filing was made to comply with SEBI's substantial acquisition disclosure norms.
A large non-promoter shareholder offloading over half their stake in just two days signals weak conviction and could weigh negatively on short-term sentiment and share price. Retail investors should watch for follow-up selling and overall float increase.