The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eastern Trading Company
WESTLIFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
M/s Eastern Trading Company, a partnership firm that is NOT part of the promoter/promoter group, has filed a SAST disclosure reporting the sale (disposal) of 32,47,289 equity shares of Westlife Foodworld Ltd, representing 2.08% of the company's share capital. The shares were sold in the open market over the period from April 2, 2018 to February 17, 2026. As a result of this sale, the firm's holding in Westlife Foodworld has come down from 1,15,21,500 shares (7.39%) to 82,74,211 shares (5.31%). Post-transaction, the entity remains a non-promoter shareholder holding just above the 5% disclosure threshold, with no encumbrance (pledge/lien) on the shares.
Since the seller is not part of the promoter group, this is a stake reduction by a non-promoter institutional/entity shareholder and is not necessarily a negative signal for the stock. However, continued open-market selling by a significant shareholder crossing lower thresholds may be watched by retail investors for any overhang concerns.