The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pravin V Sheth
FIBERWEB · price
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Pravin V. Sheth, a promoter of Fiberweb India Ltd, purchased 10,692 equity shares through open market on 23 February and 24 February 2026. This is a disclosure under Regulation 29(2) of the SEBI Takeover Regulations, 2011. His holding increased from 76,54,873 shares (5.75%) to 76,65,565 shares (5.78%) of the company's paid-up equity capital. The total equity share capital of the company stands at 2,87,91,770 shares of Rs. 10 each. The acquisition was an on-market purchase with no change in the company's total share count.
A promoter buying shares on the open market is generally seen as a confidence signal, though the increase here is small (just 0.03%), so the price impact is likely minimal. It reflects continued promoter skin-in-the-game rather than a meaningful change in ownership.