The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Team 24 Foods & Beverages Pvt Ltd
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Team24 Foods and Beverages Pvt Ltd (a non-promoter entity) has disclosed an off-market acquisition of 1,15,000 equity shares (0.45%) of Kore Foods Limited on 29 March 2025. Before this acquisition, the acquirer already held 1,44,15,438 shares (56.20%) of the company, and after the purchase its holding rises to 1,45,30,438 shares (56.65%). Kore Foods has a total equity share capital of 2,56,50,000 shares of Rs. 10 each (Rs. 25.65 crore), which remains unchanged. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A non-promoter entity already controlling a majority (56.20%) has increased its stake further via an off-market deal, signalling consolidation of control. Shareholders should watch for further disclosures, as creeping acquisitions could push the holding closer to the 75% open-offer trigger threshold.