The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Instant Holdings Ltd & Others
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Instant Holdings Ltd and others in relation to shares of FGP Ltd. The full text of the disclosure was not accessible as the linked BSE page returned an error. Reg 29(2) filings are generally made by acquirers when their shareholding crosses or changes near specified thresholds (such as 5% and subsequent 2% changes), so the exact direction and size of the transaction cannot be confirmed from the available information.
Without the actual disclosure details, the precise impact on FGP Ltd shareholders is unclear. Investors should look for the full Reg 29(2) filing to determine whether Instant Holdings & Others have increased, decreased, or are holding their stake, as such disclosures can indicate promoter or major shareholder intent.