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, sold 1,757 equity shares via off-market transfer on 17 June 2025. Her holding in the company came down from 75,757 shares (1.515%) to 74,000 shares (1.480%) — a reduction of just 0.035 percentage points. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations (Reg 29(1)) and Insider Trading Regulations (Reg 7(2) read with 6(2)). The company's total equity capital remains unchanged at Rs. 4.97 crore (50 lakh shares of Rs. 10 each).
This is a very small promoter off-market sale with negligible impact on shareholding pattern. Retail investors are unlikely to see any meaningful price or sentiment effect from this transaction.