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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Frontline Corporation Limited received a disclosure under Regulation 29(2) of SEBI Takeover Regulations from Manju Choudhary, a member of the promoter group. The disclosure reports the sale of 900 equity shares of the company through an off-market transfer on 19/08/2025. Before the transaction, the acquirer held 69,900 shares (1.40%) and after the sale, the holding stands at 69,000 shares (1.38%), a marginal reduction of 0.02%. The total equity share capital of the company is Rs. 4,97,74,500 (50 lakh equity shares of Rs. 10 each).
This is a very small off-market transfer by a promoter representing just 0.02% of shareholding and is unlikely to have any meaningful impact on share price or shareholder value.