The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dr Kailash Shantilal Choudhari & PACs
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The BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 from Dr Kailash Shantilal Choudhari along with Persons Acting in Concert (PACs). Reg 29(2) filings are triggered when a promoter or PAC's shareholding changes by 2% or more from their previously disclosed holding. The headline does not specify whether this is an acquisition or disposal, nor does it provide the exact quantum of shares involved. Such disclosures are mandatory under the takeover code whenever promoter group holdings cross the 2% creeping threshold.
This is a routine compliance filing signalling movement in the promoter group's stake. Retail investors should track whether the change increases or reduces promoter holding, as it can indicate shifts in promoter confidence or potential control changes.