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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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Suresh Gaggar in relation to shares of Garnet International Ltd. This regulation requires promoters and persons holding more than 5% of a company's shares to disclose changes in their shareholding to the stock exchanges. The specific nature, direction (acquisition or disposal), and quantum of the transaction have not been disclosed in this headline. Investors should look for the detailed disclosure to understand whether the insider has increased or reduced their stake.
Without details on whether this is a buy or sale and the size of the transaction, the immediate price impact is unclear. Retail investors should check the detailed filing to assess whether insider sentiment is positive or negative.