The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gallantt Udhyog Pvt Ltd & PACs
GALLANTT · price
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Awaiting price reaction for this filing.
The stock exchange has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, from Gallantt Udhyog Pvt Ltd along with Persons Acting in Concert (PACs). This type of filing is triggered when a shareholder crosses certain shareholding thresholds, typically through incremental acquisitions or disposals. The promoter group entity appears to be the one making the disclosure, indicating a change in their shareholding in Gallantt Ispat Ltd. The specific direction (acquisition or disposal) and exact percentage change are not detailed in the headline.
Investors should monitor this closely as any promoter group buying or selling near regulatory thresholds can affect the stock price. Further details from the actual disclosure would clarify whether this is a creeping acquisition or stake reduction.