Coffee Day Enterprises: Malavika Hegde Releases Invoked Shares
Coffee Day Enterprises Limited has filed a disclosure regarding the release of invoked equity shares belonging to Malavika Hegde. This action is a consequence of borrowings availed by the Group Companies. The disclosure, made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, details the reversal of invocation of 18,745 shares, previously pledged to Clix Capital and assigned to Phoneix ARC. The event date for the release of invoked shares was August 18, 2026, with the reporting date being August 20, 2026. This filing pertains to the encumbrance and subsequent release of shares held by a promoter.
Key Highlights
- Malavika Hegde's invoked shares in Coffee Day Enterprises have been released.
- The release is linked to borrowings by group companies.
- Disclosure made under SEBI Takeover Regulations.
- 18,745 shares were involved in the invocation and release process.
- Shares were initially pledged to Clix Capital and assigned to Phoneix ARC.
Price Impact
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