Disclosure under Regulation 7(2) of SEBI PIT Regulations, 2015 for Sale of Shares.
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Awaiting price reaction for this filing.
Kore Foods Limited filed a SEBI PIT Regulation 7(2) disclosure regarding promoter New Vision Group Holding Private Limited selling 115,000 equity shares off-market through a Share Purchase Agreement on March 29, 2025, with intimation on April 2, 2025. The transaction value was approximately Rs. 2,196.50 (likely in lakhs, i.e., ~Rs. 2.20 crore). As a result, the promoter's shareholding declined from 1,652,860 shares (6.44%) to 1,537,860 shares (5.99%) of paid-up capital. The sale was an off-market transfer, not executed on the exchange. No derivatives trading was involved. Note: The filing source header mentions Team24 Consumer Products Ltd, but the actual document is from Kore Foods Limited (Scrip 500458).
The promoter trimmed its stake by about 0.45 percentage points through a private, pre-arranged deal rather than a market sale, so direct impact on the stock price is likely limited. Promoter control remains intact and the entity remains the single largest shareholder at just under 6%.