ORIENTBELLBSEOrient Bell Ltd-$MediumNeutral
Announced Fri, 12 Sept · 17:06 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra K Daga

Promoter Stake BuyOwnership Changes View source PDF

ORIENTBELL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mahendra K. Daga, part of the promoter and promoter group of Orient Bell Limited, filed two separate disclosures under Regulation 29(2) of the SEBI Takeover Regulations for open market purchases of shares. On September 9, 2025, he acquired 2,669 shares, raising his holding from 30,19,083 to 30,21,752 shares (20.58% to 20.60%). On September 10, 2025, he bought another 3,000 shares, taking his holding to 30,24,752 shares (20.62%). In total, he purchased 5,669 shares (~0.04% stake) over two consecutive trading days. The shares were bought in the open market, and no encumbrance or pledge details were disclosed.

Likely market impact

This is a small, routine open market purchase by a promoter indicating mild confidence-building in the stock, but the volume is too tiny (under 0.05% stake) to materially impact share price or shift promoter control.