The Exchange has received the revised 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 Limited, a non-promoter entity, has sold 11,39,238 equity shares (2.16%) of BLB Limited through open market transactions on 11-August-2025. After the sale, ACN Financial Services' holding in BLB has come down from 1,03,40,389 shares (19.56%) to 92,01,151 shares (17.40%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011. No encumbrance, pledge, or convertible instrument was involved in the transaction. The total share capital of BLB Limited remains unchanged at 5,28,65,258 equity shares of Re. 1 each.
This is a routine disclosure of stake reduction by a non-promoter shareholder. While ACN Financial Services remains a significant shareholder above 10%, the open market sale of 2.16% may create mild supply-side pressure on the stock in the near term, but does not affect promoter holding or company control.