The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Gaggar
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Awaiting price reaction for this filing.
The stock exchange has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Suresh Gaggar in relation to Garnet International Ltd. This type of filing is typically made by shareholders (often promoters or those holding over 5%) to report an acquisition or disposal of shares that crosses prescribed thresholds. The specific nature of the transaction — whether it is a buy or sell, the number of shares involved, and the change in shareholding percentage — is not disclosed in the headline. Shareholders would need to refer to the full disclosure form for exact details.
Without specifics on the direction (buy/sell) and size of the transaction, it is difficult to assess the impact on the stock. Such filings generally signal notable movement in shareholding by a key person and may warrant a look at the detailed form for context.