Disclosure under Regulation 7(2) of SEBI PIT Regulations, 2015 for Acquisition of Shares.
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Kore Foods Limited filed a Form C disclosure under SEBI Insider Trading Regulations regarding an acquisition of equity shares by Team24 Foods and Beverages Private Limited, a promoter group entity. The shares were purchased off-market on 06.05.2025 pursuant to a Share Purchase Agreement (SPA). Before the acquisition, the promoter group held 1,70,61,461 equity shares (66.52%) in the company. After the acquisition, their holding rose to 1,85,99,321 equity shares, taking the promoter group stake to 72.51% of paid-up capital. The transaction value was approximately ₹29.37 lakh as per the SPA.
This is a meaningful consolidation of promoter control in Kore Foods, raising the promoter group stake by roughly 6 percentage points. While this signals promoter confidence in the company, it also reduces the public float, which may affect liquidity and trading interest in the stock.