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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mahendra K. Daga, a member of the promoter group of Orient Bell Limited, acquired 1,100 equity shares through the open market on June 4, 2025. The acquisition represents a negligible 0.01% of the company's total share capital. Before the transaction, his holding stood at 30,00,645 shares (20.45% of total capital, 20.37% of diluted capital), and after the purchase it rose marginally to 20.46% of total capital. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which mandates that promoter-group members report any acquisition or sale of shares in the company.
This is a routine, very small open-market purchase by a promoter and is unlikely to have any meaningful impact on the stock price or shareholder value. The marginal increase in promoter holding (by just 0.01%) signals continued promoter confidence but does not materially change the promoter group's control position.