The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shantanu Daga
Awaiting price reaction for this filing.
Shantanu Daga, a member of the promoter group of Longview Tea Company, acquired 3,21,750 equity shares (10.74% of diluted share capital) by way of gift from Asha Devi Daga, another promoter group member. The transaction, dated 06.03.2026, was an inter-se transfer among relatives and is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. As a result, Shantanu Daga's holding rose from 2.50% to 13.24%, while the total promoter group holding increased from 33.63% to 44.37%. The disclosure was filed on 12.03.2026, with the company noting an inadvertent delay in filing.
This is a reshuffling of promoter group holdings within the family through a gift transfer, with no change in ultimate promoter control. The promoter group's collective stake remains below the 50% mark at 44.37%, which could make the company relatively more vulnerable to takeover attempts by external acquirers. No material impact on stock price is expected as no money changed hands.