The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Infinity Capital & PACs
ADFFOODS · price
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The Bombay Stock Exchange has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations from Infinity Capital and its Persons Acting in Concert (PACs) regarding changes in their shareholding in Adf Foods Ltd. This regulation applies when a shareholder crosses the 5% threshold or changes their holding by more than 2% thereafter. The specific transaction details — such as number of shares acquired or sold, the new shareholding percentage, and whether this is a buy or sell — are not mentioned in this announcement and would be in the detailed disclosure.
Investors should watch for the detailed disclosure to understand whether Infinity Capital is increasing or reducing its stake in Adf Foods. A significant acquisition by an institutional investor like Infinity Capital could be a bullish signal, while a large sale could indicate reduced confidence.