The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Blue Bell Finance Ltd
Awaiting price reaction for this filing.
Blue Bell Finance Ltd, which is not part of the promoter or promoter group, sold 16.13 crore equity shares (3.08%) of Sunshine Capital Ltd through open market transactions across two days (6.28 crore shares on Sept 1, 2025 and 9.85 crore shares on Sept 2, 2025). Before the sale, Blue Bell Finance held 35.31 crore shares (6.75%) in Sunshine Capital; after the sale, its holding reduced to 19.18 crore shares (3.67%). Sunshine Capital's total equity base stands at 52.29 crore equity shares of Rs 1 each. The disclosure was filed under SEBI's takeover regulations because the sale crossed the 2% annual disclosure threshold.
This is a non-promoter entity trimming its stake in a relatively small, thinly-traded stock. It may exert mild downward pressure on the share price in the short term due to increased supply, but it does not affect promoter control or governance of the company.