The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Priyanandini Sarda
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The BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Priyanandini Sarda. This regulation requires promoters, promoter group members, or persons acting in concert to disclose changes in their shareholding (acquisition or disposal) in the company. The filing suggests Priyanandini Sarda is part of the promoter/promoter group of Gabion Technologies India Ltd. The exact nature of the transaction (buy or sell) and the percentage change are not specified in the available information.
This is a routine regulatory disclosure and on its own does not indicate a major change in control. Shareholders should look for the detailed filing to understand whether the promoter has increased or reduced their stake, which could influence sentiment.