The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra K Daga
ORIENTBELL · price
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Mahendra K. Daga, part of the promoter and promoter group of Orient Bell Limited, has disclosed a small open market purchase of 3,118 equity shares (0.02% of total share capital) on 17 September 2025 under Regulation 29(2) of SEBI's Takeover Regulations. Prior to this acquisition, he held 30,38,713 shares representing 20.69% of the company's share capital. After the acquisition, his holding stands at 30,41,831 shares, equivalent to 20.71% of the equity share capital. The company's total equity share capital remains unchanged at 14,68,74,760 shares. The transaction was executed on the open market through NSE and BSE.
The acquisition is marginal in size (just 0.02%) and is unlikely to materially affect the stock price or shareholder value. It signals continued promoter confidence in the company, though the small quantum suggests routine portfolio adjustment rather than a strategic stake-building move.