The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Hegde
COFFEEDAY · price
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Coffee Day Enterprises has informed the exchanges that shares held by the late founder Mr. V G Siddhartha have been transmitted to his wife, Mrs. Malavika Hegde, as part of the promoter group. This is a transmission of shares (estate transfer) rather than a market purchase or sale. No specific share quantities or percentage details are disclosed in the filing. The filing is made under SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mrs. Malavika Hegde continues to be part of the promoter group of the company.
This is a routine estate-related transmission within the promoter family and does not change the overall promoter shareholding in the company. Shareholders should see no material impact on the stock from this filing as no shares have been bought or sold in the market.