The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ACN Financial Services Ltd
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Awaiting price reaction for this filing.
ACN Financial Services Ltd, which is NOT part of the promoter/promoter group of BLB Ltd, has sold 14,89,793 equity shares (2.82% of total share capital) in the open market on 20 February 2026. This is a sale, not an acquisition. Before the sale, ACN held 68,07,461 shares (12.88%); after the sale, its holding stands at 53,17,668 shares (10.06%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, as the 2%+ change in holding crossed the reporting threshold. No encumbrance or pledge activity is involved in this transaction.
A non-promoter entity trimming its stake by nearly 2.82% via the open market could create mild short-term supply pressure on the stock, though BLB's promoter holding and overall float remain unaffected. Investors should watch for further disclosures from ACN, as it still holds above 10% and any additional sales would need to be reported.