The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neomile Growth Fund Series I
VISHWARAJ · price
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Awaiting price reaction for this filing.
Neomile Growth Fund - Series I, a foreign portfolio investor managed by Neomile Asset Managers, has sold 22,42,764 shares (1.03%) of Vishwaraj Sugar Industries Ltd through open market transactions between 18th and 22nd September 2025. Before the sale, Neomile held 1,16,99,836 shares (5.37%), which has now reduced to 94,57,072 shares (4.34%) of the company. The acquirer is not part of the promoter/promoter group. This disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, 2011.
The FPI's stake has dropped below the 5% disclosure threshold, which may indicate reduced institutional conviction. However, the sale size is relatively small and was executed in the open market, so direct price impact is likely limited.