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.
Frontline Corporation Ltd (Script Code: 532042) received a SEBI SAST disclosure under Regulation 29(2) from Manju Choudhary, who is part of the promoter/promoter group. She sold 2 equity shares through an off-market transfer on 21/08/2025. Her holding moved from 69,000 shares (1.38%) to 68,998 shares (1.38%) of the company. The total equity share capital of Frontline Corporation is Rs. 4.97 crore, comprising 50 lakh equity shares of Rs. 10 each. The change in stake is extremely negligible at effectively 0.00% and is being disclosed mainly because of the off-market nature of the transaction. The shares are listed on BSE and Calcutta Stock Exchange.
Practically no impact on shareholders or stock price - the promoter group member sold just 2 shares through an off-market transfer, leaving her stake virtually unchanged at 1.38%. This appears to be a routine compliance filing rather than a meaningful change in promoter ownership.