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 (11 trusts) acting through Assets Care & Reconstruction Enterprise Ltd as trustee have sold 10,73,12,479 equity shares (11.05%) of Jayaswal Neco Industries in the open market between July 21 and July 24, 2025. Their holding dropped from 23,67,99,924 shares (24.39%) to 12,94,87,445 shares (13.34%) of the company. The disclosure was triggered on July 23, 2025 when the 2% sale threshold was crossed. ACRE is not classified as a promoter of the company. The total equity share capital of Jayaswal Neco stands at 97,09,98,244 shares of ₹10 each.
This is a large block exit by a non-promoter institutional holder (an asset reconstruction company), which could create overhang and put short-term pressure on the stock price. However, since the sale happened entirely in the open market and ACRE is not a promoter, it has no direct impact on the promoter group's control of the company.