Disclsoures under SEBI(SAST) Regulations, 2011 and under Regulations 7(2) read with Regulation 6(2) of SEBI (PIT) Regulations, 2015 w.r.t sale of 1807 equity shares of Frontline Corporation ....
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Awaiting price reaction for this filing.
Manju Choudhary, a member of the promoter group of Frontline Corporation Limited, sold 1,807 equity shares on 18 June 2025 through a market transfer. Her holding in the company reduced from 74,000 shares (1.48%) to 72,193 shares (1.44%), a marginal decline of about 0.036% of the total equity capital. The company's total share capital remains unchanged at 50,00,000 equity shares of Rs. 10 each (Rs. 4.98 crore). The disclosure has been filed under SEBI (SAST) Regulations 2011 and SEBI (PIT) Regulations 2015 to maintain regulatory compliance regarding insider trading.
This is a very small sale by a promoter group member and is unlikely to have any meaningful impact on the stock price or shareholder value. It appears to be a routine compliance filing for a minor reduction in promoter's personal holding.