Wasatch Advisors sells 150,000 Elgi Equipments shares
Wasatch Advisors LP sold 150,000 shares of Elgi Equipments Ltd on May 12, 2026, reducing its stake to 3.1539%. The transaction was conducted via open market operations.

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Wasatch Advisors LP has disclosed the disposition of shares in elgi equipments pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer sold 150,000 shares carrying voting rights via an open market transaction on May 12, 2026.
Details of Disposition
The sale resulted in a reduction of the acquirer's holding by 0.0473% of the total share capital. Prior to the transaction, Wasatch Advisors LP held 10,145,119.00 shares, which represented 3.2013% of the company's voting rights. Following the sale, the total shareholding stands at 9,995,119.00 shares.
Shareholding Pattern
The table below outlines the changes in the acquirer's shareholding position before and after the transaction:
| Description | Number of Shares | % of Total Share Capital | % of Diluted Share Capital |
|---|---|---|---|
| Holding Before Sale | |||
| Shares carrying voting rights | 10,145,119.00 | 3.2013% | 3.2013% |
| Transaction Details | |||
| Shares sold | -150,000.00 | -0.0473% | -0.0473% |
| Holding After Sale | |||
| Shares carrying voting rights | 9,995,119.00 | 3.1539% | 3.1539% |
Capital Structure
The total equity share capital of Elgi Equipments Ltd remains unchanged at Rs. 316,909,000.00, based on a par value of Rs 1.00 and total issued shares of 316,909,000. The total diluted share capital post-transaction is reported as 316,909,000.00. Wasatch Advisors LP has confirmed that it does not belong to the promoter or promoter group of the target company.
Historical Stock Returns for Elgi Equipments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.14% | -4.39% | +1.70% | +4.88% | +13.73% | +156.18% |
Will Wasatch Advisors LP continue to reduce its stake in Elgi Equipments below the 3% threshold, potentially triggering further regulatory disclosures or signaling a broader portfolio reallocation?
How might sustained foreign institutional selling in Elgi Equipments impact the stock's liquidity and valuation multiples in the near to medium term?
Could Wasatch Advisors LP's partial exit prompt other foreign portfolio investors to reassess their positions in Elgi Equipments amid evolving global macroeconomic conditions?


































