Central Bank of India has informed the Exchange regarding 'Disclosure under Regulation 31(4) and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Central Bank of India has submitted a disclosure to the exchange under Regulation 31(4) and 31(5) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. These regulations require promoters and certain shareholders to disclose details of shares they have encumbered (pledged) and reasons for such encumbrance. The headline does not include specific details such as the number of shares pledged, the promoter entity involved, or any invocation or release of pledged shares.
This is a routine regulatory compliance filing and, in the absence of any disclosed change in pledged shares or promoter holding, it is unlikely to have a material impact on the stock price.