Tamilnadu Industrial Development Corporation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
TNPETRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tamilnadu Industrial Development Corporation Limited (TIDCO), identified as one of the promoter/promoter group entities of Tamilnadu PetroProducts, has submitted a disclosure to the stock exchanges under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure states that TIDCO has not made any encumbrance, directly or indirectly, on its shares in the company. TIDCO holds 1,58,43,751 shares, representing 17.6% of Tamilnadu PetroProducts. This is a routine periodic compliance filing required from promoters, confirming the unpledged status of their shareholding.
No material impact on shareholders — this is a routine regulatory compliance filing that simply confirms TIDCO has not pledged or encumbered its 17.6% stake. No change in promoter holding or risk to shareholders.