We are forwarding herewith disclsoures under SEBI (SAST) regulations and SEBI (PIT) Regulations of Manu Chudhury for sale of 931 Equity Shares on 12.06.2025
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Awaiting price reaction for this filing.
Manju Choudhary, a member of the promoter/promoter group of Frontline Corporation Ltd, sold 931 equity shares on 12 June 2025 through a market transfer. This represents 0.019% of the company's total share capital. Her holding decreased from 76,688 shares (1.537%) to 75,757 shares (1.519%). The company's total equity share capital remains at Rs. 4,97,74,500, comprising 50,00,000 equity shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
The sale is extremely small (0.019%) and is unlikely to have any meaningful impact on the stock price or shareholder value. It appears to be a routine minor divestment by a promoter group member and does not indicate any change in promoter intent or control.