Announced Tue, 27 May · 12:14 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harbinger Trading Company Pvt Ltd

Pledge ReleasedPromoter Stake Sell 1pctOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harbinger Trading Company Pvt Ltd, part of the promoter group of The Amalgamated Electricity Company Limited, has filed a revised disclosure under SEBI Takeover Regulations. The company previously held 1,82,144 shares (6.56% of voting capital) entirely in the nature of encumbrance (pledge/lien/non-disposal undertaking). Through an inter-se transfer dated 23-05-2025, its entire holding has come down to nil. Since this is an inter-se transfer, the shares have moved to another entity within the promoter/promoter group, and the total shareholding of the promoter group remains unchanged.

Likely market impact

No material impact on overall promoter control since the transfer is within the promoter group (inter-se). The encumbrance on these 6.56% shares has been cleared, which slightly reduces pledge-related overhang concerns for retail investors.