The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kailash Dhanuka HUF
NORBTEAEXP · price
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Kailash Dhanuka HUF, a non-promoter entity, has disclosed the acquisition of 4,00,000 equity shares of Norben Tea & Exports Ltd through a preferential allotment on 24th July 2025. This acquisition raised the HUF's voting rights holding from 2.81% (3,75,000 shares) to 5.81% (7,75,000 shares), thereby crossing the 5% substantial acquisition threshold. The filing is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. As a result of this preferential allotment, the company's equity share capital increased from Rs.13.33 crore (1,33,36,100 shares) to Rs.13.73 crore (1,37,36,100 shares). The acquirer has explicitly confirmed that it does not belong to the promoter or promoter group of the company.
A non-promoter shareholder crossing the 5% mark signals a new notable stakeholder in the company, which may slightly dilute existing shareholders' proportional ownership due to the preferential allotment, but also reflects confidence in the company from a new investor.