The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunil Kumar Shahi
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The BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Sunil Kumar Shahi. This regulation requires persons holding more than 5% of a company's shares to disclose any change in their holding exceeding 2% in a financial year. The headline does not specify whether the change is an increase or decrease, nor does it mention the quantity or value of shares transacted. The full details would be available in the actual disclosure form.
Without the specific details of buy or sell and the quantum of shares, it is difficult to gauge the immediate impact on shareholders or stock price. Investors should look for the detailed disclosure to understand whether this is an accumulation or divestment.