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/promoter group of Sunshine Capital Ltd, has disclosed the sale of 11,50,97,694 equity shares (2.20% of share capital) through open market transactions. The shares were sold in two tranches: 4,04,00,000 shares (0.773%) on August 13, 2025 and 7,46,97,694 shares (1.428%) on August 19, 2025. As a result, Blue Bell Finance's holding in Sunshine Capital dropped from 11.29% (59,01,94,551 shares) to 9.09% (47,50,96,857 shares), pushing it below the 10% SAST disclosure threshold. The total equity share capital of Sunshine Capital stands at 52,29,17,2000 equity shares of Re.1 each.
A non-promoter entity (Blue Bell Finance) selling a sizeable 2.20% stake in open market may create temporary supply pressure on the stock. The reduction below the 10% threshold means Blue Bell Finance will no longer be classified as a 'substantial shareholder' under SAST regulations, reducing its future disclosure obligations.