The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vivek Gujrani
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BSE has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations from Vivek Gujrani in relation to Astonea Labs Ltd. This regulation is triggered when a person already holding 5% or more of a company's voting rights acquires or disposes of 2% or more shares at a time. The headline does not specify whether the transaction is a buy or sell, nor the exact percentage change or resulting shareholding. Such disclosures are part of the 'creeping acquisition' framework designed to give the market early visibility into meaningful stake changes by significant shareholders.
Investors should treat this as an early signal of a notable shift in a substantial shareholder's stake, which may affect control dynamics or, if thresholds are crossed further, trigger an open offer obligation under takeover rules.