The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Ratilal Patel
ARVSMART · price
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The BSE has received a disclosure from Ketan Ratilal Patel under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Regulation 29(1) typically relates to changes in shareholding/voting rights of persons holding more than 5%, while 29(2) relates to creation or release of encumbrances (pledges) on shares. The specific nature of the transaction—whether it is an acquisition, disposal, or pledge action—along with the number of shares and percentage involved, is not detailed in the headline provided. Ketan Ratilal Patel is associated with the promoter group of Arvind SmartSpaces. Shareholders should look for the detailed disclosure on the BSE portal for exact numbers and the direction of the transaction.
The exact impact on shareholders is unclear without the full disclosure details. Any significant change in promoter holding or pledge position could influence short-term sentiment and stock price volatility.