The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ACN Financial Services Ltd
BLBLIMITED · price
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ACN Financial Services Ltd, a non-promoter entity, has filed a disclosure under SEBI's Takeover Regulations regarding a sale of 10,56,868 equity shares (2.00%) of BLB Limited in the open market on 23 March 2026. Before the transaction, ACN held 53,17,668 shares (10.06%); after the sale, its holding stands at 42,60,800 shares (8.06%). No encumbrance (pledge/lien) was involved. The transaction was carried out on the open market and reduces ACN's stake below the 10% disclosure threshold.
This is a non-promoter trimming its position in BLB by 2% in the open market, taking its holding below the 10% mark. Such exits by non-promoter shareholders can be mildly negative for sentiment as it increases floating supply, though the price impact depends on the size of subsequent offloading.