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 & Trading Ltd, a non-promoter entity, sold 11,05,000 shares (2.10% of total equity capital) of Kaiser Corporation Ltd through open market between 27 March 2025 and 15 April 2025. Following this sale, Lorance's holding in Kaiser Corporation reduced from 42,99,635 shares (8.17%) to 31,94,635 shares (6.07%). The disclosure was filed under SEBI SAST Regulation 29(2) on 17 April 2025. Lorance is explicitly not part of the promoter or promoter group of the company.
Since the seller is a non-promoter investor trimming its stake by over 2%, this could create mild short-term selling pressure on the stock, though the absence of promoter involvement limits the broader negative perception among retail investors.