StockWatch
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Media & Entertainment
Shareholding2 Sept 2026, 10:28 am

BCCL Discloses Shareholding Change Under Takeover Regulations

AI Summary

Bennett, Coleman & Company Limited (BCCL) has filed a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, with BSE Limited and National Stock Exchange of India. The disclosure pertains to a disposal of shares as part of a composite scheme of arrangement involving BCCL and Times Horizon Private Limited (THPL), approved by the National Company Law Tribunal. The effective date of the scheme is September 1, 2026. Prior to the disposal, BCCL held 33,918,400 shares, representing 71.15% of the total share capital. The total equity share capital of the target company (TC) is 47,670,415 equity shares of INR 10/- each.

Key Highlights

  • BCCL filed disclosure under SEBI Takeover Regulations.
  • Disposal of shares is part of a composite scheme of arrangement.
  • Scheme effective date is September 1, 2026.
  • BCCL previously held 71.15% stake.
  • Transaction is pursuant to NCLT approved scheme.