Accel India III (Mauritius) sells 28,00,000 shares in open market, stake falls to 5.58%
Investor Accel India III (Mauritius) Ltd sold 28,00,000 equity shares in the open market on September 24, 2026.
By ScoutQuest · · 1 min read
- Shares Sold
- 28,00,000 equity shares
- Holding Before Sale
- 1,23,13,091 shares (8.08%)
- Holding After Sale
- 95,13,091 shares (5.58%)
- Transaction Date
- September 24, 2026
- Stake Reduction
- 2.50%
What was shared
The company intimated the exchanges that it received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from shareholder Accel India III (Mauritius) Ltd.
The transaction
- Sale of 28,00,000 equity shares through the open market on September 24, 2026.
- Holding before the sale: 1,23,13,091 shares, or 8.08% of share capital and diluted capital.
- Holding after the sale: 95,13,091 shares, or 5.58%.
- Change disclosed against the sale: 2.50%.
- No shares were encumbered before or after the transaction.
Context
Total equity shares of the company are 15,24,01,781 of face value INR 1/- each, as per the shareholding pattern for the quarter ended June 30, 2026. The seller does not belong to the promoter or promoter group, so this is an early investor trimming its stake rather than a promoter action.
How to read it
Such a disclosure is required when a non-promoter holder's stake changes by a prescribed threshold. It signals a change in the shareholder mix; the company's own operations and capital are unchanged by the transaction.
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More numbers
- Shares sold28,00,000
- Holding before sale (shares)1,23,13,091
- Holding before sale (%)8.08%
- Change disclosed for sale (%)2.50%
- Holding after sale (shares)95,13,091
- Holding after sale (%)5.58%
- Total equity shares15,24,01,781
- Face value per shareINR 1/-
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