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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Awaiting price reaction for this filing.
Lorance Investments and Trading Ltd, a non-promoter entity, sold 11,68,807 shares (2.22%) of Kaiser Corporation Ltd through open market transactions between 23 May 2025 and 11 June 2025. The disclosure was filed under SEBI SAST Regulation 29(2) on 13 June 2025. After the sale, Lorance's holding in Kaiser Corporation dropped from 19,26,118 shares (3.66%) to 7,57,311 shares (1.44%). The total equity share capital of Kaiser Corporation remains unchanged at 52,62,102 shares of Re. 1 each. The filing is a routine regulatory disclosure and does not trigger any open offer obligation as holdings remain well below the 5% creeping acquisition threshold.
Routine open-market exit by a non-promoter shareholder; no open offer triggered since holding stays under 5%. Marginal insider-selling signal, but limited impact on retail shareholders given the small size of the block and the seller not being part of the promoter group.