Niraj Bajaj has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Niraj Bajaj, a promoter of Bajaj Finance, has filed a disclosure with the exchange under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations. This regulation requires promoters to disclose details of encumbered (pledged) shares on an ongoing basis. The announcement confirms only the submission of the disclosure; specific details on whether shares were pledged, invoked, or released are not provided in this filing.
Routine regulatory compliance by a promoter; the filing itself does not indicate any change in control or risk. Investors should look for the actual disclosure document for details on pledged share movements, if any.