The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bimla Devi Jalan Trust
LINC · price
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Bimla Devi Jalan Trust, part of the promoter group of Linc Ltd, has disclosed the disposal of its entire holding of 22,49,924 equity shares (3.78% of the company's total share capital) under SEBI SAST Regulation 29(2). The transaction was carried out off-market through transmission on 9th June 2026, bringing the trust's holding down from 3.78% to NIL. The total share capital of the company remains unchanged at 5,94,89,164 shares, indicating the shares have moved to other entities or beneficiaries rather than leaving the promoter group entirely. The disclosure was signed by Deepak Jalan as Trustee of the Bimla Devi Jalan Trust.
This is a reorganisation within the promoter group rather than an open-market sale, so it is unlikely to cause any negative price pressure. However, it shifts 3.78% of equity from the trust to other promoter family members or entities, and investors should watch for any further disclosures showing the receiving party's holdings to understand the new promoter ownership structure.