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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Awaiting price reaction for this filing.
Manju Choudhary, a member of the promoter group of Frontline Corporation Ltd, sold 220 equity shares via off-market transfer on 2 September 2025. This represents just 0.004% of the company's paid-up share capital. Her holding went from 67,993 shares (1.36%) to 67,773 shares (1.36%), with the percentage stake effectively unchanged. The company has 50 lakh equity shares of Rs 10 each, totalling Rs 4.97 crore in equity capital. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, with BSE and CSE as the listed stock exchanges.
The transaction is negligible in size — just 220 shares sold out of 50 lakh total — so there is no meaningful impact on promoter ownership or shareholder value. Retail investors should treat this as routine regulatory disclosure rather than a directional signal.