The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SPR Construction Pvt Ltd
Awaiting price reaction for this filing.
SPR Construction Private Limited, a non-promoter entity, has disclosed a disposal of 35,00,000 shares (15.68%) of Binny Limited via an off-market inter-se transfer on 2 April 2025. Its holding has dropped sharply from 41,25,691 shares (18.48%) to just 6,25,691 shares (2.80%) of the company's equity. As a result, SPR Construction has fallen well below the 5% substantial shareholder threshold. The equity share capital of the company remains unchanged at 2,23,19,410 shares.
A non-promoter entity exiting most of its stake in a single off-market deal signals a major change in the shareholder base. Retail investors should watch for who has picked up the 35 lakh shares, as such large block transfers can affect supply-demand dynamics and may influence short-term price action.