The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MP Entertainment & Developers Pvt Ltd
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MP Entertainment and Developers Private Limited, part of the Promoter Group of Sayaji Hotels (Indore), sold 11,850 equity shares (0.389% of total equity capital) in the open market on 30 March 2026. The entity's holding in the company came down from 1,89,360 shares (6.22%) to 1,77,510 shares (5.826%). The total equity share capital of the company remains unchanged at 30,46,605 shares of Rs. 10 each. The disclosure was filed by the Company's Secretary under Regulation 29(2) of the SEBI Takeover Regulations.
This is a small, routine open-market sale by one promoter group entity, reducing its individual holding by under 0.4%. It is unlikely to materially affect the share price or signal any change in promoter group commitment to the company.