The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satvik Gunda & Madhusudhan Gunda
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cospower Engineering Ltd has informed the BSE that the exchange received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, from Satvik Gunda and Madhusudhan Gunda. This regulation requires shareholders holding more than 5% of a company's shares to disclose any acquisition or disposal that crosses the 2% threshold of total share capital. The surnames suggest the individuals may be members of the promoter family. However, the available filing text does not specify the direction of the transaction (acquisition or disposal), the number of shares involved, or the resulting shareholding percentage.
Without details on whether this is a buy or sell and the quantum of shares, the immediate market impact is unclear. Shareholders should watch for the next disclosure to understand whether the promoter group's stake is being increased or reduced, which would be a meaningful signal for the stock.