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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The BSE has received a disclosure from Malavika Hegde, a promoter of Coffee Day Enterprises Ltd, under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. This regulation requires promoters and promoter group entities to disclose any change in their shareholding of 2% or more, as well as creation, invocation, or release of any encumbrance (pledge) on their shares. Malavika Hegde, wife of the late founder V.G. Siddhartha, has been actively managing promoter-level holdings in the company since 2019. The specific nature of the transaction (acquisition, disposal, or pledge-related event) is not detailed in the headline.
Until the exact transaction details (buy, sell, or pledge action) are disclosed in the full filing, the impact on shareholders is unclear. Investors should watch for the detailed disclosure to understand whether this signals a change in promoter holding or pledged shares, both of which can affect stock sentiment.