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
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Awaiting price reaction for this filing.
ACN Financial Services Limited, a non-promoter entity, has disclosed a change in its shareholding in BLB Limited under SEBI's substantial acquisition rules. The entity sold 11,72,805 equity shares (2.21% of voting capital) in the open market on 25 August 2025. This reduced its holding from 92,01,151 shares (17.40%) to 80,28,346 shares (15.19%). The disclosure was triggered because the change exceeded the 2% threshold and the holding crossed the 15% mark on the way down. The equity share capital of BLB remained unchanged at Rs 5.28 crore (5.28 crore shares of Re 1 each).
ACN Financial Services is not part of the promoter group, so this is a non-promoter trimming its position. The 2.21% open-market sale could add mild selling pressure on BLB shares, but since the entity is still holding over 15%, the float impact is limited. Retail investors should note that no promoter-level change is involved here.