The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MN Ventures Pvt Ltd & PACs
HFCL · price
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On the reaction day the stock moved 2.6 pts less than Nifty Smallcap 250 and 1.7 pts less than its Telecom - Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MN Ventures Private Limited, part of HFCL's promoter group, sold 4,02,87,798 equity shares (2.79% of paid-up capital) through open market transactions between June 5 and June 16, 2025. Before the sale, MN Ventures held 18.98% (27.38 crore shares) and along with PACs, the promoter group collectively held 34.37%. After the sale, MN Ventures' stake fell to 16.19% while the combined promoter group holding dropped to 31.58% (45.55 crore shares). None of the PAC entities sold any shares in this transaction. The shares were sold on both BSE (500183) and NSE (HFCL).
A 2.79% open market sale by a promoter entity may create short-term supply pressure on the stock and signals some trimming by the promoter group, though the overall promoter holding remains substantial at 31.58%.