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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Awaiting price reaction for this filing.
Mahendra K. Daga, part of the promoter group of Orient Bell Limited, purchased 3,167 equity shares in the open market on February 12, 2026. His stake in the company increased marginally from 20.73% to 20.76% of the total share capital (20.66% to 20.68% on a diluted basis). The total number of shares held after the acquisition stands at 30,53,237 shares. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
A very small 0.02% increase in promoter holding signals minor buying confidence, but is too insignificant to impact stock price. Shareholders should note the promoter is approaching the 25% threshold, beyond which further acquisitions would attract open offer obligations.