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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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Malavika Hegde, who is part of the promoter group of Coffee Day Enterprises. The filing is a mandatory disclosure triggered by a change in her shareholding, but the headline does not specify whether shares were acquired or disposed of, nor the size of the change. Investors will need to see the detailed disclosure to understand the direction and quantum of the transaction. Coffee Day Enterprises has been under scrutiny since the death of founder V.G. Siddhartha, and any movement in promoter holdings is closely watched.
Direction of the trade (buy or sell) and the percentage change are not stated, so the immediate share price impact is unclear. Any sizeable change in promoter stake — especially a sale — could weigh on sentiment given the company's ongoing debt and governance concerns.