Major stake changes reported in Indegene, Yes Bank, Kaynes, and others under SAST and promoter category. Read the full details of the latest deals.
Promoter and SAST Deals Surge in June 2025: Major Shareholding Changes Unfold
The Indian equity markets have witnessed a significant wave of stake changes this week, with both SAST (Substantial Acquisition of Shares and Takeovers) transactions and promoter shareholding updates indicating growing strategic movements across multiple companies. Here’s a closer look at some of the key transactions reported on June 6, 2025.
Key SAST Deals: Strategic Stake Acquisitions Continue
1. Indegene Limited (INDGN)
In an intriguing development, two entities have each acquired a 10.2% stake in Indegene Limited.
- Deutsche Bank AG, Singapore Branch, acting as an offshore security agent, and
- Catalyst Trusteeship Limited, are the acquirers.
These parallel acquisitions under SAST regulations point toward a financial restructuring or secured lending arrangement, though official statements are awaited.
2. ZF Commercial Vehicle Control Systems India (ZFCVINDIA)
WABCO Asia Private Limited acquired 3.16% of ZFCVINDIA. The move is in line with WABCO’s ongoing consolidation of its holdings in India.
3. Yes Bank Limited (YESBANK)
DB Trustee (Hong Kong) Limited acquired a 2.62% stake in Yes Bank, highlighting continued foreign institutional interest in the banking sector despite regulatory hurdles.
4. Kaynes Technology India Limited (KAYNES)
Promoter Mr. Ramesh Kunhikannan increased his stake by 1.75%, indicating confidence in the company’s long-term growth amid increasing automation and electronics demand.
Promoter Deal Highlights: Minor but Strategic Changes
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Several promoter entities made small but notable stake increases across diverse sectors:
- SKM SHREE SHIVKUMAR raised his stake in SKM Egg Products Export (India) Ltd from 43.62% to 43.75%, signaling stable promoter confidence.
- D B Power Limited, promoter of D.B. Corp Ltd (DBCORP), made two marginal stake increases, from 0.31% to 0.38% and from 0.24% to 0.30%, respectively.
- Sunita Baljee increased her holding in Royal Orchid Hotels (ROHLTD) from 1.55% to 1.6%.
- Sangam (India) Limited Employees Welfare Trust raised its share in Sangam (India) Limited (SANGAMIND) from 0.99% to 1.03%.
While these changes are minor in percentage terms, they underscore ongoing promoter alignment and potential corporate governance stability.
Noteworthy Acquisitions Under SAST Regulations (June 6, 2025)
A fresh batch of SAST acquisitions was reported for June 6, demonstrating institutional appetite across mid and small-cap stocks:
- 3 SIGMA GLOBAL FUND acquired 9.66 lakh shares in AZAD India Mobility (AZADIND), taking their holding to 21.32%.
- MAHESHJI CHOTHAJI THAKOR raised his stake in STARLINEPS ENTERPRISES (STARLENT) to 5.17% with a purchase of over 9.28 lakh shares.
- A major transaction saw SBICAP Trustee Company Limited acquiring over 8.62 crore shares in SCHLOSS Bangalore Ltd (THELEELA), increasing its stake to 25.81%.
- PIRAMAL Trusteeship Services Pvt. Ltd. acquired 83.66 lakh shares in Marathon Nextgen Realty (MARATHON), now holding a controlling 51%.
- MOKSH Finvest & Advisors LLP picked up 6.3 lakh shares of Fundviser Capital (FUNDVISER), boosting their stake to 18.34%.
These deals reflect a broad-based interest in sectors including mobility, real estate, finance, and hospitality.
Market Implications and Forward Outlook
The recent promoter and SAST activities highlight a mix of consolidation, institutional trust, and promoter confidence. With increasing participation from global trustee and fund entities, Indian equities continue to be seen as a long-term value play.
These stake changes, particularly in companies like Indegene, Yes Bank, and Marathon Realty, could also set the tone for future boardroom changes, governance actions, or even strategic alliances.
Investors are advised to keep a close watch on these counters, especially as the companies disclose the official reasons and possible forward-looking strategies tied to these stake adjustments.
