The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Mishra & Others
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Awaiting price reaction for this filing.
A group of eight persons acting in concert (led by Manish Mishra, including Anshu Mishra, Dipak Dwiwedi, Vivek Chauhan, Vivek Mishra, Kratika Sharma, Manorma Mishra and Shivakar Mishra) sold 3,60,705 equity shares (3.48% stake) of ETT Limited via open market on October 17, 2022. Their combined holding fell from 13,37,444 shares (12.90%) to 9,76,739 shares (9.42%). The acquirers explicitly state they do not belong to the promoter or promoter group of ETT Limited. The disclosure is being filed on May 9, 2025 — nearly 2.5 years after the actual transaction — pursuant to directions from SEBI's Settlement Division, while the sellers reserve their right to contest being classified as 'persons acting in concert.'
This is a non-promoter shareholder group trimming its stake in ETT Limited; since they are not part of the promoter group, the change has limited governance implications for existing shareholders. The delayed disclosure under a SEBI settlement order suggests past regulatory scrutiny of the PAC grouping rather than any new market-moving action.