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India Business Excellence Fund – IIA, a significant shareholder in Intec Capital Limited, has sold 27,41,220 equity shares through open market transactions between April 2022 and April 2026. This disposal reduced their stake from 19.85% to 4.93%. This means the fund is no longer a major shareholder holding more than 5% in the company. Such a reduction in a large shareholder's stake can influence market perception and liquidity for Intec Capital.