Disclosure under Regulation 7(2) of SEBI PIT Regulations, 2015 for Sale of Shares
Price
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Awaiting price reaction for this filing.
Kore Foods Limited has disclosed that promoter New Vision Group Holding Private Limited sold 2,937 equity shares of the company via an off-market transaction on May 6, 2025. The promoter's holding reduced from 15,37,785 shares (5.99%) to 15,34,848 shares (5.20%), a decline of about 0.79 percentage points. The transaction value was Rs 312.6 (likely lakhs) as per a Share Purchase Agreement. The disclosure was filed under Regulation 7(2) of SEBI's Prohibition of Insider Trading Regulations by Additional Director Sachin Rane.
The promoter stake sale is small in size (under 1% change) and remains above 5%, so it is not a major red flag, but investors should note the off-market nature of the sale via SPA. Overall, limited impact on share price expected.