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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GP Petroleums Ltd has informed the BSE exchange that it received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011 from Nivaya Resources Pvt Ltd. Regulation 29(2) disclosures are typically filed when an entity's shareholding changes by 2% or more (either through acquisition or disposal) from its last disclosed level. The headline does not specify whether Nivaya Resources bought or sold shares, the quantum of the change, or its current shareholding in the company. No transaction value, percentage change, or post-deal holding figure is mentioned in the available text.
Without details on whether the move was a buy or sell and the size of the change, the immediate impact on shareholders or stock price is unclear. Investors should look for the full disclosure to determine if this represents accumulation or offloading of shares by a significant entity.