The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Edelweiss Asset Reconstruction Company Ltd
Awaiting price reaction for this filing.
Edelweiss Asset Reconstruction Company Ltd, acting as trustee of EARC Trust SC-428, has filed a Regulation 29(2) SAST disclosure for SKIL Infrastructure Ltd. The entity, which is not part of the promoter/promoter group, sold approximately 44.92 lakh shares (2.07% of equity capital) via open market between July 8, 2024 and July 14, 2025. As a result, its holding has reduced from 22,419,353 shares (10.35%) to 17,927,140 shares (8.28%), crossing below the 10% substantial shareholder threshold. The disclosure was filed with BSE and NSE on July 15, 2025.
A non-promoter institutional holder trimming its stake below the 10% threshold could be read as reduced institutional confidence in the stock, though for an ARC (asset reconstruction company) this may simply reflect trust-level portfolio realignment. Retail investors should watch for any further stake reductions or related party transactions.