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
BLBLIMITED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ACN Financial Services Limited, a non-promoter entity, sold 11,39,238 equity shares (2.16% of paid-up capital) of BLB Limited through the open market on August 11, 2025. As a result, ACN's holding in BLB reduced from 1,03,40,389 shares (19.56%) to 92,01,151 shares (17.40%). The shares were sold in cash, and no encumbrances (pledges) are involved. This is a revised disclosure submitted to the exchanges on August 28, 2025, with the original disclosure dated August 12, 2025. Despite the reduction, ACN continues to be a substantial shareholder in BLB, holding more than 17% of the company.
A non-promoter entity offloading a 2.16% stake in the open market may create mild short-term supply pressure on BLB's stock price. However, with no promoter involvement and no change in company fundamentals, the long-term impact is likely limited — investors should watch for further disclosures or block deals involving ACN.