Wasatch Advisors LP Reduces Stake in Five-Star Business Finance Ltd via Open Market Sale
Wasatch Advisors LP, a non-promoter US-based investment firm, sold 1,856,571 shares of Five-Star Business Finance Ltd on May 13, 2026, via an open market transaction under SEBI (SAST) Regulations, 2011. The disposal reduced its shareholding from 5.4013% to 4.771% of the company's total and diluted share capital. The total issued share capital of Five-Star Business Finance Ltd remained unchanged at 294,566,200 shares with a par value of ₹1.00. The disclosure was filed on May 14, 2026, by Dan Thurber, V.P., General Counsel, on behalf of Wasatch Advisors LP.
*this image is generated using AI for illustrative purposes only.
Five-Star Business Finance Ltd witnessed a notable reduction in institutional shareholding as Wasatch Advisors LP, a US-based investment firm, disclosed the sale of shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction, executed on May 13, 2026, via an open market sell, resulted in a decrease in Wasatch Advisors LP's stake in the company. The disclosure was submitted to both the National Stock Exchange of India Ltd. and The BSE Limited on May 14, 2026.
Details of the Disposal
Wasatch Advisors LP, which does not belong to the promoter or promoter group of Five-Star Business Finance Ltd, disposed of 1,856,571 shares carrying voting rights. This represented a reduction of 0.6303% with respect to the total share capital and total diluted share capital of the company. The following table summarises the shareholding position before and after the transaction:
| Metric: | Before Disposal | After Disposal |
|---|---|---|
| Shares Carrying Voting Rights: | 15,910,336.00 | 14,053,765.00 |
| % of Total Share Capital: | 5.4013% | 4.771% |
| % of Total Diluted Share Capital: | 5.4013% | 4.771% |
| Shares Sold: | — | 1,856,571.00 |
| % Change: | — | -0.6303% |
Transaction and Capital Details
The disposal was carried out through the open market on May 13, 2026. There were no shares encumbered, pledged, or subject to any lien or non-disposal undertaking either before or after the transaction. No warrants, convertible securities, or any other instruments entitling the acquirer to receive shares carrying voting rights were held at any stage.
The equity share capital and total voting capital of Five-Star Business Finance Ltd remained unchanged at ₹294,566,200.00 both before and after the disposal, based on a par value of ₹1.00 per share and total issued shares of 294,566,200. The total diluted share and voting capital of the company after the transaction stood at 294,566,200.00 shares.
Disclosure and Signatory Details
The disclosure was filed by Dan Thurber, V.P., General Counsel, for and on behalf of Wasatch Advisors LP, from its registered address at 505 Wakara Way, 3rd Floor, Salt Lake City, UT 84108, U.S.A. The filing was addressed to the Corporate Services Departments of both the National Stock Exchange of India Ltd. and The BSE Limited, Mumbai, in compliance with the applicable SEBI regulations.
Historical Stock Returns for Five Star Business Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.45% | -3.05% | +9.06% | -28.75% | -32.65% | -6.37% |
Will Wasatch Advisors LP continue to reduce its stake in Five-Star Business Finance Ltd below the 4.771% threshold, potentially triggering further SEBI disclosure requirements?
How might this significant institutional sell-off by a prominent US-based investor influence other foreign institutional investors' sentiment toward Five-Star Business Finance Ltd?
Could the reduction in Wasatch Advisors LP's stake signal broader concerns about the Indian NBFC sector's growth outlook, particularly for small business lending companies?
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