The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Cohesion MK Best Ideas Sub - Trust
HIMATSEIDE · price
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Cohesion MK Best Ideas Sub-Trust, a non-promoter entity, sold 23,28,473 equity shares of Himatsingka Seide Ltd through open market transactions between 5th May and 8th May 2026. This reduced its holding from 5.1961% (51,15,960 shares) to 2.2168% (27,87,487 shares), a decline of nearly 3 percentage points. The transaction crossed the 2% threshold of paid-up capital, triggering mandatory disclosure under SEBI SAST Regulation 29(2). The acquirer confirmed it does not belong to the promoter/promoter group. The company's total equity capital remains unchanged at 12,57,42,289 shares of ₹5 each.
A non-promoter investor reducing a ~5% stake by more than half in four days signals potential loss of confidence or portfolio rebalancing. While the seller is not a promoter, the large open-market sale could exert mild downward pressure on the stock near term.