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 Limited, a non-promoter entity, has sold 11,72,805 shares (2.21%) of BLB Limited through open market on 25 August 2025. Before the sale, ACN held 92,01,151 shares (17.40%) and after the sale it holds 80,28,346 shares (15.19%). The acquirer has confirmed it is NOT part of the promoter or promoter group of BLB Limited. The total equity capital of BLB remains unchanged at 5,28,65,258 shares of Re. 1 each.
A non-promoter shareholder reducing its stake from 17.40% to 15.19% via open-market sale is mildly negative for the stock as it signals selling pressure from a sizable holder. However, ACN remains a significant non-promoter shareholder and the transaction does not affect promoter holding or company fundamentals.