The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shantanu Daga & Others
Awaiting price reaction for this filing.
Promoter group member Shantanu Daga acquired 3,21,750 shares (10.74%) of Longview Tea Company from another promoter group member, Asha Devi Daga, on 06.03.2026. The transaction was an inter-se transfer (off-market), meaning the shares moved from one family member to another within the promoter group. Shantanu Daga's individual holding rose sharply from 2.50% to 13.24%, while Asha Devi Daga's holding went from 10.74% to zero. The total promoter group holding remained unchanged at 44.37% of the company's equity share capital (29,96,500 shares).
No change in overall promoter group ownership, so there is no direct impact on existing shareholders or the stock price. The reshuffling concentrates more voting power in Shantanu Daga, but the promoter group remains below the 50% majority threshold at 44.37%.