Times Guaranty Limited — Others, 19-05-2025: Disclosure under SEBI Takeover Regulations

Bennett, Coleman & Company Limited (BCCL) has exited Times Guaranty Limited by selling its entire 74.92% stake (67.37 lakh shares) to new investors, including Team India Managers Ltd and the Saraogi family. Although still listed as promoter in the latest shareholding pattern, reclassification with stock exchanges is underway. This exit marks a major change in Times Guaranty’s ownership and strategic control, signaling a new phase for the company’s direction and governance.