The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Hegde
COFFEEDAY · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Malavika Hegde, a promoter of Coffee Day Enterprises Ltd. This regulation requires promoters to disclose any change in their voting rights exceeding 2% of the company's total share capital. The specific nature, direction, and quantum of the shareholding change (acquisition or disposal) are not detailed in the headline. Malavika Hegde is associated with the late founder V.G. Siddhartha's family and remains a key promoter entity of the company.
The filing signals a notable shift in promoter shareholding (above 2%), which investors should track for further details on whether it is a buy or sell. Such disclosures can affect sentiment around promoter confidence and stock price depending on the direction of the transaction.