The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kartik Gaggar
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Awaiting price reaction for this filing.
Kartik Gaggar, part of the promoter/promoter group of Garnet International Ltd, bought 8,000 shares (0.04% of total equity) through open market on 11.06.2025. His stake in the company rose from 213,944 shares (1.09%) to 221,944 shares (1.13%). The total equity share capital of the company stands at 19,635,000 shares. This is a routine disclosure filed under SEBI takeover regulations to report the change in shareholding.
The acquisition is very small in size and is unlikely to move the stock price. However, it signals continued promoter confidence, as a member of the promoter group is adding to his existing holding in the company.