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, a non-promoter entity, has sold 12.19 crore equity shares (2.33%) of Sunshine Capital Ltd in the open market across three trading days — August 22 (4.55 crore shares, 0.870%), August 25 (3.00 crore shares, 0.574%), and August 26 (4.65 crore shares, 0.688%). After the sale, Blue Bell Finance's holding in Sunshine Capital has reduced from 9.09% (47.51 crore shares) to 6.75% (35.31 crore shares). The acquirer has confirmed it does not belong to the promoter or promoter group of the target company. The total equity share capital of Sunshine Capital stands at 52.29 crore shares of Re. 1 each.
A non-promoter shareholder has trimmed its stake by about a quarter of its earlier holding via open-market sales, which could add short-term supply pressure on the stock. However, since Blue Bell Finance still holds 6.75%, it remains a significant non-promoter shareholder.