The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lorance Investments & Trading Ltd
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Lorance Investments and Trading Ltd, a non-promoter shareholder in Kaiser Corporation Ltd, sold 12,68,517 shares (2.41% of the company's equity) through open market transactions between April 16, 2025 and May 14, 2025. The sale reduced Lorance's holding in Kaiser Corporation from 31,94,635 shares (6.07%) to 11,92,618 shares (3.66%). The disclosure was filed with BSE on May 16, 2025 under Regulation 29(2) of the SEBI SAST Regulations, 2011. Lorance is not part of the promoter/promoter group of the company.
This is a non-promoter investor reducing its stake and crossing below the 5% disclosure threshold, which may signal a non-promoter exiting the stock. For retail investors, this is a watch-out signal but does not directly impact promoter holding or company fundamentals.