The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ACRE 54 Trust & Others
JAYNECOIND · price
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Awaiting price reaction for this filing.
ACRE Trusts (ACRE-54, 59, 63, 64, 68, 69, 70, 76, 101, 103, 106), acting through Assets Care & Reconstruction Enterprise Limited (ACRE) as trustee, sold 7,77,07,913 equity shares (8.00% of total share capital) of Jayaswal Neco Industries in the open market between July 25 and July 28, 2025. Their holding dropped from 12,94,87,445 shares (13.34%) to 5,17,79,532 shares (5.33%). The seller is not part of the promoter/promoter group and is an asset reconstruction company (ARC), likely having acquired these shares through debt restructuring of the company. The disclosure was filed to comply with SEBI takeover regulations after crossing the 2% sale threshold.
This is a large open-market sale by a non-promoter institutional holder, which could weigh on the stock due to increased supply. Shareholders should monitor price action and any further sales, as ACRE's stake is now down to 5.33% and may exit further.