The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepak Saraf & Other
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(1) of the SEBI Takeover Regulations, 2011 from Deepak Saraf and other persons. Such disclosures are mandatory when an acquirer crosses or changes their holding by 2% or more, or when crossing the 5% shareholding threshold. The filing signals a notable change in shareholding, though specific details on direction (acquisition or sale), the exact percentage change, and the resulting aggregate holding are not disclosed in the headline. Deepak Saraf appears to be part of the promoter/persons acting in concert group of the company.
Retail investors should look for the detailed disclosure to check whether promoter/incremental holdings have increased or decreased, as this can indicate promoter confidence or possible stake dilution. The stock may see short-term price action once the full details (buy/sell, percentage) become clear.