The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prem Kumar Jain & PACs
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Prem Kumar Jain along with PACs (Persons Acting in Concert). This regulation requires promoters and PACs to disclose any acquisition or disposal of shares that crosses the 5% threshold or involves a further change of 2% or more. The headline itself does not specify whether the disclosure pertains to a buy or sell, nor does it state the exact number of shares or percentage change transacted. No transaction value or post-deal holding figure is visible from this brief announcement.
Shareholders should monitor the detailed filing on the BSE portal to see the exact nature (acquisition vs. disposal) and size of the change in promoter/PAC holdings. Such disclosures can influence short-term stock sentiment depending on whether the promoter group is increasing or reducing its stake.