The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nivaya Resources Pvt Ltd
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BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Nivaya Resources Pvt Ltd, an entity associated with the promoter group of GP Petroleums Ltd. This regulation requires entities holding more than 5% of shares or voting rights, as well as promoter group entities, to disclose any acquisition or disposal of shares that results in a change of more than 2% of the company's total shareholding within two trading days. The specific direction (acquisition or disposal), the exact number of shares, and the resulting shareholding percentage are not detailed in the headline. Shareholders should refer to the full disclosure document on the BSE website for precise transaction details and post-transaction shareholding of the entity.
This is a routine regulatory disclosure related to changes in promoter group shareholding. The actual market impact depends on whether it represents a stake increase or decrease, the size of the transaction, and whether it moves the promoter holding closer to or further from any regulatory threshold. Investors should review the detailed disclosure to assess any change in promoter confidence or control dynamics.