The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Choudhary
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Manju Choudhary, a member of the promoter/promoter group of Frontline Corporation Ltd, sold 23 equity shares on 12 September 2025 through a market transfer (open market). Her holding decreased marginally from 67,771 shares to 66,798 shares, with her voting stake remaining at 1.34% before and after the transaction. The disclosure is filed under Regulation 29(1) read with 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of the company remains unchanged at Rs. 4,97,74,500 (50,00,000 equity shares of Rs. 10 each).
The transaction is negligible in size (only 23 shares, 0.00% of capital) and is unlikely to have any meaningful impact on the stock price or shareholder value. It appears to be a routine regulatory disclosure rather than a significant strategic move.