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, a member of the promoter and promoter group of Orient Bell Limited, has disclosed an acquisition of 5,500 equity shares under Regulation 29(2) of the SEBI Takeover Regulations. The shares were bought on 26 February 2026 through the open market. Before the acquisition, he held 30,68,394 shares representing 20.86% of the company; after the acquisition, his holding stands at 30,73,894 shares or 20.90% of the paid-up share capital. The total equity share capital of Orient Bell is approximately 14.71 crore shares.
This is a very small insider purchase (just 0.04% increase in stake) and is unlikely to have a meaningful impact on the stock price. However, it signals continued promoter confidence in the company at current levels.