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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On the reaction day the stock moved 6.8 pts less than Nifty Microcap 250 and 6.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Eleven ACRE Trusts (acting through Assets Care & Reconstruction Enterprise Limited as trustee) sold 2,00,29,164 equity shares of Jayaswal Neco Industries, equal to 2.06% of the company's share capital, through open market transactions between May 20, 2025 and July 18, 2025. Before the sale the ACRE Trusts held 25,68,29,088 shares (26.45%), and after the sale their holding stands reduced to 23,67,99,924 shares (24.39%). The filing explicitly clarifies that the ACRE Trusts do not belong to the promoter or promoter group of the company. This is a routine disclosure under SEBI Takeover Regulations triggered because the seller crossed a 2% disclosure threshold, and ACRE (an RBI-registered asset reconstruction company) continues to remain a significant non-promoter shareholder.
A non-promoter institutional seller (ARC trust) is gradually trimming its stake, which may add some supply pressure on the stock but also reduces a long-held overhang. For retail shareholders, the key takeaway is that promoter ownership is unaffected and no takeover-related trigger is implied.