The Exchange has received the disclosure under Regulation 29 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rabindra Srikantan
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The BSE exchange has received a disclosure under Regulation 29 of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Rabindra Srikantan, who is associated with ASM Technologies Ltd. Regulation 29 requires shareholders to report acquisitions or disposals that cross specified thresholds (typically 5% brackets) or changes within already disclosed brackets. The filing does not specify the nature (buy or sell), the exact percentage change, or the resulting shareholding level. Rabindra Srikantan is understood to be part of the promoter group of the company. Investors would need to refer to the detailed disclosure form for specifics on the transaction size and direction.
The immediate impact on the stock is unclear without details of the transaction. Investors should check the detailed Reg 29 disclosure to determine if promoter-group holding has changed meaningfully, which could affect shareholding pattern and, if significant, trigger market attention.