The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Team 24 Foods & Beverages Pvt Ltd
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.5 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Team24 Foods & Beverages Pvt Ltd, which is not part of the promoter group, acquired 25,31,023 equity shares (9.87%) of Kore Foods Limited through an off-market purchase on April 25, 2025. The acquirer's holding in Kore Foods rose from 1,45,30,438 shares (56.65%) to 1,70,61,461 shares (66.52%) of the total equity share capital. The disclosure was filed under Regulation 29(1) of the SEBI Takeover Regulations, which applies to creeping acquisitions in the 5%–10% range. The total share capital of Kore Foods remains unchanged at 2,56,50,000 shares of Rs. 10 face value.
The acquirer's stake has crossed 65%, which may trigger a mandatory open offer requirement under SEBI Takeover Rules and could affect minority shareholder interests and trading liquidity in the stock.