Disclosure under Reg 7(2) of SEBI PIT Regulations, 2015 for Acquisition of Shares.
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Awaiting price reaction for this filing.
Kore Foods Limited disclosed that Team24 Foods and Beverages Private Limited, a member of the acquirer/promoter group, purchased 11,500 equity shares of the company off-market under a Share Purchase Agreement for Rs. 21.96 lakh. This lifted its holding from 14,415,438 shares (56.20%) to 14,530,438 shares (56.65%). The transaction was executed on March 29, 2025 and intimated to the company on April 2, 2025. The disclosure was filed under SEBI PIT Regulation 7(2).
This is a small incremental purchase (about 0.45 percentage points) by an existing majority shareholder, further consolidating promoter group control. No material change in ownership structure is expected, and retail shareholders are unlikely to see a meaningful impact on the stock price from this transaction alone.