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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ACN Financial Services Ltd, a non-promoter entity, sold 12,20,885 shares (2.31%) of BLB Ltd through open market transactions on 3 November 2025. This reduced their holding from 80,28,346 shares (15.19%) to 68,07,461 shares (12.88%) of the company. The disclosure was filed under SEBI's substantial acquisition of shares and takeovers regulations. The acquirer is not part of the promoter/promoter group of BLB Ltd.
A non-promoter investor reducing its stake by over 2% in the open market may signal weakening conviction in the stock from this holder, though it does not affect promoter holding. Post-sale, ACN Financial Services continues to hold over 12% of BLB Ltd, keeping it classified as a significant non-promoter shareholder.