STEL Holdings Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
CESC · price
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Awaiting price reaction for this filing.
STEL Holdings Ltd, a member of the promoter group of CESC Limited, has filed its annual declaration under SEBI Takeover Regulations with the exchanges. STEL Holdings holds 2,49,34,700 shares of CESC, which represents 1.88% of CESC's voting capital as on March 31, 2025. The company has confirmed that it has not created any encumbrance (pledge or similar charge) on its CESC shares, directly or indirectly, during the financial year ended March 31, 2025. This is a routine yearly compliance filing required from persons holding shares of a target company.
This is a neutral, routine compliance filing. It reassures shareholders that the promoter entity STEL Holdings has not pledged any of its CESC shares during the year, indicating no financial stress requiring collateral. No impact on stock price is expected.