Jio Financial Services Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Jio Financial Services Limited, part of the Promoter Group of Den Networks Limited, has submitted a declaration to the stock exchanges confirming that it has not created any encumbrance (pledge or similar charge) on the shares of Den Networks held by it, directly or indirectly, at any time during the financial year 2024-25. The declaration also covers Reliance Industrial Investments and Holdings Limited, another entity in the promoter group. This is a routine annual compliance filing required under SEBI's Takeover Regulations from promoter group entities.
This is a neutral filing confirming no pledges or charges were created on promoter-held shares during the year, which is generally seen as a non-negative signal for shareholders as it indicates no forced sale risk from encumbrances.