The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinaychand Kothari
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The BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Vinaychand Kothari, likely a member of the promoter/promoter group of Best Eastern Hotels Ltd. Reg 29(2) filings are typically made when a promoter's shareholding changes by more than 2% in a financial year. The actual document with details such as whether this is a purchase, sale, or encumbrance and the exact number of shares was not accessible (the linked BSE page was unavailable). Without the underlying document, the direction and quantum of the change cannot be confirmed.
Without access to the detailed disclosure, it is not possible to assess whether this is positive, negative, or neutral for shareholders. Investors should check the full filing on BSE/NSE to know whether the promoter increased, decreased, or pledged their stake before drawing any conclusions.