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, part of the promoter group of Frontline Corporation Ltd, has sold 5,172 equity shares off-market on 18 September 2025. Her stake in the company reduced marginally from 66,572 shares (1.33%) to 61,400 shares (1.23%), a reduction of just 0.10%. The company has a small equity base of 50 lakh shares of Rs.10 each, and this transaction represents a very small shift in promoter shareholding. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations to formally record this change with the stock exchanges.
This is a negligible promoter off-market sale affecting only 0.10% of the equity capital, with no meaningful change to the free float or promoter control. Retail investors are unlikely to see any stock-price impact from this disclosure.