The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Hegde
COFFEEDAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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. Reg 29(2) filings are triggered when a promoter or major shareholder's voting rights in the company change by more than 2% of total shares, or cross certain prescribed thresholds. The specific direction of the change (acquisition or disposal) and the exact share count/percentage are not disclosed in the headline. The filing has been made in compliance with the takeover code's ongoing disclosure requirements.
For retail investors, this is a routine compliance filing by a promoter, and the stock-price impact will depend on whether the change represents a buy (confidence signal) or a sell (potential overhang). Watch for the detailed disclosure to the stock exchanges to understand the nature and size of the transaction.