Reliance Industrial Investments and Holdings Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
NETWORK18 · price
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Awaiting price reaction for this filing.
Reliance Industrial Investments and Holdings Limited, part of the promoter group of Network18, has submitted a declaration under SEBI's Takeover Regulations to the stock exchanges. The declaration confirms that the entity has not created any encumbrance (such as a pledge or lien) on the shares of Network18, either directly or indirectly, at any point during the financial year 2024-25. This is a routine annual compliance filing required by SEBI from promoter group entities. The filing has been signed by Bhavika Shah, Company Secretary of the declaring entity.
This is a routine, positive compliance filing confirming promoter group holdings remain unencumbered, with no direct impact on the stock price or shareholder value. It simply assures the market that promoters have not pledged their shares during the year.