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 under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 from Malavika Hegde, a member of the promoter group of Coffee Day Enterprises Ltd. This regulation requires promoters and persons acting in concert to disclose changes in their shareholding or voting rights in the company. The exact nature of the transaction—whether it is an acquisition or disposal—and the quantum of shares involved are not specified in the headline. Coffee Day Enterprises is the parent company of Cafe Coffee Day and has been under financial scrutiny since the demise of its founder V.G. Siddhartha in 2019.
Promoter-group disclosures under this regulation typically signal a change in the promoter family's stake, which retail investors should monitor for any shift in ownership or control of the company.