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, which is NOT part of the promoter/promoter group, has sold 19,80,03,348 equity shares (3.78% of total share capital) of Sunshine Capital Ltd through open market transactions. The sales were carried out in four tranches on August 19, 22, 25, and 26, 2025, ranging from 2.75 crore to 6.78 crore shares per day. As a result, the acquirer's holding has dropped from 10.87% (56,85,60,000 shares) to 7.08% (37,05,56,652 shares), taking it below the 10% substantial shareholder threshold. The total share capital of Sunshine Capital Ltd stands at 52,29,17,200 equity shares of Re 1 each. No encumbrance, pledge, or invocation activity is involved in this transaction.
A non-promoter entity cutting its stake from 10.87% to 7.08% in open market sales may create short-term supply pressure on the stock. However, since the seller is exiting below the 10% substantial shareholder mark, future disclosure obligations reduce and the overhang from this holder is largely cleared.