Reg 29(1) takeover disclosure filed for promoter Shashi Kiran Shetty and others

Under SEBI takeover rules, promoters must file a Reg 29(1) disclosure with the exchanges when their stake changes cross the prescribed thresholds. Shashi Kiran Shetty, the main promoter of Allcargo Global, along with other promoter group entities, has submitted such a disclosure to the stock exchanges. The exact shares, pricing and whether this is an acquisition or a sale are not visible from the headline alone. Investors should open the attached PDF to see the direction of the change, the percentage movement and whether any creeping acquisition or promoter holding shift is being reported.