The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dinesh Apparao Bilgi
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Dinesh Apparao Bilgi in relation to Arex Industries Ltd. This regulation requires shareholders to disclose changes in their shareholding exceeding 2% of the company's total shares within a financial year. The headline does not specify whether the transaction involved a purchase, sale, or the exact number of shares involved. Further details from the actual disclosure form would clarify the nature and size of the shareholding change.
The filing itself only confirms that a SAST disclosure was submitted; the market impact depends on whether this represents a meaningful buy or sell by a promoter or major shareholder, which is not clear from the available information.