The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for New Vision Group Holding Pvt Ltd
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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 2.8 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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New Vision Group Holding Pvt Ltd, a promoter of Kore Foods Limited, sold 1,15,000 equity shares (0.45% of paid-up capital) on March 29, 2025, reducing its individual stake from 6.44% to 5.99%. The total promoter and promoter group holding fell modestly from 17.72% to 17.28% (45,47,415 to 44,32,415 shares) as no other promoter entities changed their holdings. The disclosure also notes that Polaroid Corporation, a promoter group entity holding 9,00,000 shares, is under US bankruptcy proceedings and a court has granted permission to abandon those shares. The company's total equity capital remains unchanged at 2,56,50,000 shares of face value Rs. 10.
This is a small, routine promoter trimming of about 0.45% stake and is unlikely to materially affect share price or control. Retail investors should note the unresolved status of Polaroid Corporation's 9 lakh shares, which technically still sit within the promoter group but may have no recoverable value.