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, part of the promoter group of Frontline Corporation Ltd, has reported a sale of 5,000 equity shares via off-market transfer on 26/09/2025. Her holding in the company dropped from 61,400 shares (1.23%) to 56,400 shares (1.13%) post-transaction. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Frontline Corporation has a total equity share capital of ₹4.97 crore (50 lakh shares of ₹10 each). The sale is minor in size and the promoter group's stake remains well below any regulatory threshold.
This is a small, off-market sale by a promoter group member representing only 0.10% of share capital, so it is unlikely to materially affect the stock price or signal any change in promoter confidence. Retail investors should not read this as a significant event.