Shareholding24 Sept 2026, 10:13 pm
Molbio Diagnostics: India Business Excellence Fund III Sells 30 Lakh Shares
AI Summary
India Business Excellence Fund III, a shareholder in Molbio Diagnostics Limited, has sold 30,00,000 equity shares, representing approximately 2.57% of the total capital. The sale occurred on September 23, 2026, and was conducted via open market transactions. Following the sale, the fund's holding in Molbio Diagnostics has reduced from 11,52,39,996 shares to 11,22,39,996 shares. This transaction triggered the disclosure requirements under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as the disposal breached the 2% threshold.
Key Highlights
- India Business Excellence Fund III sold 30,00,000 equity shares.
- The sale represents a reduction in holding by approximately 2.57%.
- Transaction occurred on September 23, 2026, via open market.
- Holding reduced from 11,52,39,996 to 11,22,39,996 shares.
- Disclosure filed under SEBI Takeover Regulations 29(2).
Price Impact
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