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 Ltd, purchased 1,000 equity shares in the open market on June 17, 2025. His holding rose marginally from 30,06,741 shares (20.41%) to 30,07,741 shares (20.51%) of the company's total share capital. The acquisition was disclosed under Regulation 29(2) of the SEBI Takeover Regulations. The change in equity share capital from ~14.66 crore to ~14.72 crore shares suggests a separate corporate action (possibly a stock split or bonus issue) happening around the same time. The actual purchase represents only a 0.01% increase in promoter holding, indicating routine portfolio adjustment rather than a strategic shift.
This is a token open-market purchase by a promoter and has negligible impact on ownership structure or stock price. It signals promoter confidence but is too small to materially alter the shareholding pattern or trigger any takeover-related concerns.