The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nivaya Resources Pvt Ltd
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Awaiting price reaction for this filing.
GP Petroleums Ltd has informed the exchange about a revised disclosure under Regulation 29(2) of the SEBI Takeover Regulations, filed by Nivaya Resources Pvt Ltd. This regulation requires entities to report any change in their shareholding that crosses the 2% threshold, or acquisitions/disposals by persons holding more than 5% in the company. The 'revised' nature of the filing indicates a correction or update to an earlier submission. Specific details such as the quantum of shares acquired/sold and the revised holding percentage are not mentioned in the headline and would need to be checked in the actual disclosure form.
For retail investors, this is largely a regulatory compliance update. The actual stock impact will depend on whether Nivaya Resources increased or reduced its stake and by how much. Investors should check the detailed disclosure for the exact transaction details before drawing conclusions.