Disclosure under Regulation 7(2) of SEBI PIT Regulations, 2015 for Acquisition of Shares.
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Team24 Foods and Beverages Private Limited, part of Kore Foods Limited's promoter group, acquired additional equity shares through an off-market Share Purchase Agreement. Prior to the acquisition, Team24 held 1,70,61,461 shares (66.52% stake), and after acquiring 15,37,860 shares on May 6, 2025, its holding rose to 1,85,99,321 shares (72.51%). The disclosure was filed under SEBI PIT Regulation 7(2) on May 7, 2025. The transaction value was as per the SPA and excludes taxes and brokerage. No derivative trading was involved in the transaction.
The promoter group's stake in Kore Foods has risen to 72.51%, further consolidating promoter control and reducing the public float. This signals continued promoter confidence but may limit free-float liquidity for retail investors.