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 SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011 from Malavika Hegde, who is part of the promoter group of Coffee Day Enterprises Ltd. This regulation requires promoters and certain persons to disclose any acquisition or disposal of shares that exceeds 2% of the company's share capital. The exact nature of the transaction — whether it is a buy, sell, or the percentage change in her shareholding — is not specified in the available headline details.
The disclosure indicates a notable change (above 2%) in the promoter's shareholding, but without details on whether it is an increase or decrease, the impact on the stock remains unclear. Investors should wait for further clarity on the direction and size of the transaction.