The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neel Dinesh Bilgi
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Awaiting price reaction for this filing.
The BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Neel Dinesh Bilgi, who appears to be part of the promoter/promoter group of Arex Industries Ltd. This regulation requires promoters to disclose any change in their shareholding or voting rights exceeding 2% of the company's total share capital. The exact nature of the change (acquisition or disposal) and the quantum of shares involved are not detailed in the headline. Investors should look at the full disclosure on the BSE website for the specific numbers and direction of the transaction.
For shareholders, this is a routine regulatory disclosure triggered by a change in promoter shareholding. Until the full details are reviewed, the price impact is likely neutral, but any significant buying or selling by the promoter group should be tracked closely as it can signal management's view on the stock's value.