The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarla Daga
ORIENTBELL · price
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Sarla Daga, part of the promoter group of Orient Bell Limited, has disclosed an open market purchase of 4,31,500 equity shares on 28 March 2025. This represents 2.95% of the company's total share capital. After the acquisition, her total holding stands at 22,82,622 shares, or 15.58% of the paid-up capital (up from 12.63% earlier). The disclosure was filed under SEBI's Takeover Regulations, as the deal value triggers the 2% disclosure threshold for promoter-group acquirers.
This is a positive, confidence-building signal for retail investors, as a promoter buying shares in the open market suggests she views the stock as undervalued. The increase in promoter holding from 12.63% to 15.58% may also reduce the free float slightly and is generally viewed as a bullish indicator.