Company Update

Manju Choudhary has sold 1,757 equity shares of Frontline Corporation Limited through market transfer, reducing her holding from 75,757 shares (1.515% of total equity) to 74,000 shares (1.48%). The total equity capital remains 50 lakh shares with a total value of Rs. 4.98 Cr.

This transaction marginally decreases Choudhary’s stake in the company.

Persons acting in concert with her include several promoters and related entities, maintaining their aggregate influence.

The change in shareholding has limited impact on overall control but reflects minor trading activity by a promoter group member.