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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Mahendra K. Daga, part of the promoter group of Orient Bell Limited, sold 4,23,000 shares (approximately 2.89% of total share capital) on 28 March 2025. This is disclosed under SEBI's Takeover Regulations, meaning the transaction is large enough to require public reporting. As a result of this sale, his shareholding in the company dropped from 23.34% to 20.45% of total equity. Despite the reduction, he continues to be a significant shareholder in the company. The disclosure was filed with both BSE and NSE on 1 April 2025.
This is a promoter selling shares, which is generally viewed negatively by retail investors as it may signal reduced confidence from insiders. However, the promoter still holds a substantial stake of over 20%, and the sale is a partial reduction rather than an exit. Short-term stock price may face mild selling pressure, but the overall promoter holding remains meaningful.