The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Milan Dalal
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Mr. Milan Dalal, part of the promoter group of The Amalgamated Electricity Company Limited, has filed a revised disclosure under Regulation 29(2) of the SEBI Takeover Regulations. Before the transaction, he held 7,716 shares representing 0.28% of the company's voting capital. On May 23, 2025, he transferred his entire holding of 7,716 shares (0.28%) through an inter-se transfer, bringing his personal shareholding to nil. The company's total equity capital remains unchanged at 27,76,512 shares. An inter-se transfer typically means the shares moved between promoter group entities, so the overall promoter group stake is unlikely to have changed.
This is an internal reshuffling within the promoter group (inter-se transfer), so total promoter holding and free float remain largely unaffected. No meaningful impact expected on stock price or retail shareholders.