BSELongview Tea Company LtdMediumNeutral
Announced Fri, 26 Jun · 16:24 IST
Promoter group members seek reclassification to public
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Longview Tea Company received requests from three promoter group entities seeking reclassification as public under SEBI LODR Regulation 31A. Applicants hold about 9.66 percent combined: Yashwant Kumar Daga at 4.41 percent, Nandini Daga at 2.96 percent, and Jalpaiguri Holdings at 2.29 percent. The company is currently SDD non-compliant with trading suspended since June 2025. The requests come amid an internal family dispute and NCLT proceedings over management and control.
Likely market impact
If approved, promoter stake would drop from about 44 percent to about 34 percent. Needs board and shareholder approval. Trading already suspended.