The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Columbia Petro Chem Pvt Ltd
CUPID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.4 pts less than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Columbia Petro Chem Pvt Ltd, a member of the promoter group of Cupid Limited, has sold 2,47,850 equity shares (0.09% of total share capital) in the open market between 4th and 6th December 2024. Following this sale, its holding in Cupid has come down from 35,087,700 shares (13.07%) to 34,839,850 shares (12.98%). This is a revised disclosure, suggesting a correction to an earlier filing. The transaction is small in size and unlikely to materially impact the shareholding pattern of the company.
This is a minor open-market sale by a promoter group entity, reducing its stake by just 0.09 percentage points. It is not a significant event for shareholders and is unlikely to have any meaningful impact on the stock price or the overall promoter holding pattern.