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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BSE has received a disclosure from Malavika Hegde, a promoter of Coffee Day Enterprises, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation is triggered when a promoter or major shareholder's holdings change by more than 2% of the company's total shares or voting capital. The headline does not specify the direction of the transaction (acquisition or disposal) or the exact quantum. Malavika Hegde is the wife of the late V.G. Siddhartha, founder of Coffee Day, and has been managing promoter holdings since his passing. Investors should check the detailed filing on the BSE website to understand whether this is a buy or sell, the number of shares involved, and the resulting shareholding percentage.
This is a routine regulatory disclosure and the short-term stock impact depends on whether it is a purchase (positive signal) or a sale (negative signal). Without details on the transaction direction, the market impact is unclear, but any move of over 2% by a promoter is generally material to retail investors.