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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MN Ventures Pvt Ltd along with promoter group entities and PACs have disclosed combined open-market share sales of about 2.34 crore equity shares (1.70% of pre-QIP share capital) in HFCL between July and November 2025. Major sellers were MN Ventures (2.05 cr shares), Anant Nahata (20 lakh), Vinsan Brothers (6.71 lakh) and Shankar Sales Promotion (3 lakh), while Satellite Finance received 9.71 lakh shares via merger. After these transactions, promoter and promoter group holding stands at 30.02% (pre-QIP basis), which further fell to 28.29% post the company's QIP allotment of 8.79 crore shares to QIBs on December 24, 2025. Of the 43.30 crore promoter shares now held, about 24.65 crore (roughly 57%) are encumbered through pledge and non-disposal undertakings.
Continued promoter selling combined with a large QIP dilution has reduced the promoter stake meaningfully, which is typically viewed as a negative sentiment signal by retail investors. However, the share sale and dilution also improve free float and trading liquidity in HFCL stock.