The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Karan Bhagat
360ONE · price
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations from Karan Bhagat, a promoter-group key person of 360 ONE WAM Ltd. This regulation mandates disclosure whenever a substantial shareholder's voting rights change by more than 2% between thresholds of 5% to 75%, or crosses these levels. The headline does not specify whether the transaction was a buy or a sell, nor the exact change in shareholding percentage. Investors should refer to the full disclosure on the BSE corporate announcements page for the precise direction (acquisition or disposal) and magnitude of the change in Karan Bhagat's stake in 360 ONE WAM.
As a promoter-level disclosure under SAST rules, this indicates a material change in shareholding by a key insider of 360 ONE WAM. The market reaction will depend on whether the change was an increase (bullish signal showing insider confidence) or a decrease (potentially bearish). Retail investors should monitor the full announcement for specifics before drawing conclusions.