The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asha Nanda
Awaiting price reaction for this filing.
Asha Nanda, a non-promoter shareholder of JMG Corporation Ltd, sold 5,00,000 shares (about 2.16% of total share capital) through an off-market transaction on April 11, 2025. Her stake in the company dropped from 6.22% (14,40,789 shares) to 4.06% (9,40,789 shares), taking her below the 5% substantial shareholder threshold. The filing is a mandatory disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations. JMG Corporation has a total equity share capital of Rs. 5.79 crore, divided into 2.31 crore equity shares of Rs. 2.50 each. The buyer identity and the price at which the shares were sold are not disclosed in the filing.
Since the seller is not part of the promoter group and the transaction was off-market, it is unlikely to directly affect the stock price. However, it indicates that a significant shareholder has reduced her holding and has now fallen below the 5% disclosure threshold.