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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Team24 Foods & Beverages Pvt Ltd has filed a disclosure under SEBI Takeover Regulations for acquiring 1,15,000 equity shares (0.45%) of Kore Foods Limited (BSE: 500458) through an off-market transaction dated March 29, 2025. After this acquisition, the acquirer's holding in Kore Foods rises from 1,44,15,438 shares (56.20%) to 1,45,30,438 shares (56.65%). The acquirer is not part of the promoter/promoter group but is already a substantial shareholder in Kore Foods. Kore Foods has a total equity share capital of 2,56,50,000 shares of Rs. 10 face value (Rs. 25.65 crore), which remains unchanged after this acquisition.
This is a marginal change in an already controlling stake via an off-market deal, so it is unlikely to materially affect Kore Foods' share price. Retail investors should note the acquirer now holds nearly 57% of the company, leaving limited free float.