Mahendra Nahata has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
EXICOM · price
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Mahendra Nahata, identified as a promoter/promoter group member of Exicom Tele-Systems Limited, has submitted a disclosure copy to NSE under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. Regulation 31(4) requires promoters to disclose changes in their shareholding when certain thresholds are crossed through market purchases or sales. The headline does not specify whether this involves an acquisition, disposal, or what shareholding percentage is involved. The actual disclosure document with specific numbers and direction of change would need to be reviewed separately for full clarity.
This is primarily a regulatory compliance filing. The actual impact on the stock or shareholders depends on whether the promoter increased or reduced his stake and by how much — details not specified in the announcement headline. Investors should look for the attached disclosure document for the exact figures.