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, part of the promoter group of BLB Ltd, sold 11,39,238 shares (2.16%) of BLB in the open market on 11 August 2025. Before the sale, ACN held 1,03,40,389 shares (19.56%); after the sale, its holding stands at 92,01,151 shares (17.40%). The transaction was carried out in the regular market and disclosed under SEBI Takeover Regulations. BLB's total equity base remains unchanged at 5,28,65,258 shares of Re. 1 each. No encumbrance (pledge/lien) activity is involved in this transaction.
A 2.16% open-market sale by a promoter group entity is likely to be viewed negatively by retail investors in the short term, as it signals promoter trimming exposure. However, ACN continues to hold a sizeable 17.40% stake, so this is not a major exit.