Bennett, Coleman & Company 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.
TEAMGTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.6 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bennett, Coleman & Company Limited (BCCL), the former promoter of Team India Guaranty Limited (formerly Times Guaranty Limited), has filed a Regulation 31(4) disclosure confirming it holds zero equity shares in the company as of 31 March 2025. BCCL had divested its entire 74.92% stake (67,37,399 equity shares) to a group of acquirers — Team India Managers Ltd, Surajkumar Saraogi, Sharda Omprakash Saraogi, and Karan Surajkumar Saraogi — effective 7 November 2024, after completing the Open Offer process. BCCL also confirmed that no encumbrance (pledge or otherwise) was created on any shares during FY25. BCCL's name still appears as promoter in the December 2024 shareholding pattern only because the reclassification application is still pending with the stock exchanges.
This is a housekeeping disclosure and not new news — the promoter change has already been executed. Shareholders should note that control has fully shifted to the Saraogi family and Team India Managers Ltd, and the company is now functioning without a listed promoter group until reclassification is approved. Investors should monitor the pending reclassification approval and any future announcements from the new promoter regarding business direction.