The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Hegde
COFFEEDAY · price
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Coffee Day Enterprises has informed the exchanges that shares belonging to the late founder Mr. V G Siddhartha have been transmitted (transferred) to his wife, Mrs. Malavika Hegde, following succession. This is a procedural disclosure filed under SEBI's Insider Trading and Takeover Regulations. The transmission does not involve any market purchase or sale — it is simply the legal transfer of shareholding from a deceased shareholder to their heir. The overall promoter group shareholding in the company remains unchanged; only the individual holding has shifted within the family.
No material impact on stock price or shareholder value — this is a family-level transmission of shares with no change in total promoter ownership. It reflects a long-pending estate settlement process and brings clarity on who holds the founder's stake going forward.