Shareholding25 Apr 2026, 11:30 am
Intec Capital: India Business Excellence Fund IIA Sells 14.93% Stake
AI Summary
India Business Excellence Fund IIA disposed of 27,41,220 equity shares of Intec Capital Ltd between April 18, 2022, and April 22, 2026, triggering disclosure under Regulation 29(2) of SEBI Takeover Regulations. The disposal on April 22, 2026, breached the 2% threshold. The fund's holding decreased from 19.85% to 4.93% of the total share capital. The sales were executed through open market transactions.
Key Highlights
- India Business Excellence Fund IIA sold 27,41,220 Intec Capital shares.
- The sale occurred between April 18, 2022, and April 22, 2026.
- The fund's stake in Intec Capital decreased to 4.93%.
- The disposal triggered SEBI Takeover Regulations due to breaching the 2% threshold.
- The sales were conducted through open market transactions.
Price Impact
More from INTECCAP