Disclosure under 7(2) of SEBI PIT Regulations, 2015 for Acquisition of Shares.
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Kore Foods Limited has disclosed an off-market acquisition of its equity shares by Team24 Foods and Beverages Private Limited, an acquirer/promoter group entity, under Regulation 7(2) of SEBI PIT Regulations. The acquirer's stake increased from 56.65% (1,45,30,438 shares) to 66.52% (1,70,61,461 shares), a rise of roughly 9.87 percentage points. The transaction was executed on 28 April 2025 via a Share Purchase Agreement (SPA) at a value of ₹253.9 (in thousands, excluding taxes). The acquisition was an off-market deal, not executed on any stock exchange.
This is a significant promoter-level consolidation, with the promoter group's holding rising meaningfully closer to the 75% mark that triggers minimum public shareholding considerations. Shareholders should note reduced free float and potential implications for liquidity in Kore Foods stock.