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 1,12,69,000 shares (2.15%) of Sunshine Capital Ltd through open market transactions spread over four trading days from August 8 to August 13, 2025. Their holding has come down from 6,81,25,000 shares (13.03%) to 5,68,56,000 shares (10.87%) of the company. Despite the reduction, the entity continues to hold more than 10% of the company, which is why this SAST disclosure was triggered. There is no pledge or encumbrance involved, and the acquirer confirmed it does not belong to the promoter or promoter group. The total equity share capital of Sunshine Capital stands at 52,29,17,200 shares of Re. 1 each.
A non-promoter substantial shareholder reducing its stake by 2.15% via open market sales over four consecutive sessions is a bearish signal and may weigh on the stock price in the short term. Retail investors should watch for any further sale by this entity, as the holding is now just above the 10% threshold where any further movement will again require disclosure.