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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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Malavika Hegde, a promoter of Coffee Day Enterprises. This regulation is triggered when a promoter acquires or disposes of shares that, cumulatively, cross certain thresholds (typically 2% of paid-up capital in a financial year). The specific nature of the transaction — whether it is a buy, sell, or encumbrance — and the quantum of shares involved are not detailed in the available headline. Malavika Hegde, wife of the late founder V.G. Siddhartha, is a key promoter of the company and has been associated with its restructuring after his death in 2019.
Investors should track the actual filing details to understand whether the promoter is adding to or reducing her stake, as either move can influence sentiment around the stock. Without the full disclosure, the market impact is currently neutral pending further clarity.