The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ACN Financial Services Ltd
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from ACN Financial Services Ltd, which appears to be a promoter group entity of BLB Ltd. Reg 29(2) filings are made when there is a change in shareholding (either acquisition or disposal) that crosses the prescribed disclosure thresholds. The headline does not specify whether this is a buy or sell, the number of shares involved, or the resulting shareholding percentage, so the exact nature and size of the transaction is unclear from this notice alone.
SAST Reg 29(2) disclosures are routine compliance filings and typically do not signal a major corporate event on their own. Investors should wait for the detailed disclosure from ACN Financial Services Ltd to understand the direction (acquisition or sale), the size of the change, and whether it affects the promoter group's overall stake in BLB Ltd before drawing any conclusions about the stock.