The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Graviss Food Solutions Pvt Ltd
GRAVISSHO · price
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The BSE has received a disclosure under Regulation 29(2) of SEBI's SAST Regulations, 2011, filed by Graviss Food Solutions Pvt Ltd, which appears to be part of the promoter group of Graviss Hospitality Ltd. Regulation 29(2) disclosures are made when a promoter or promoter group entity acquires or disposes of shares aggregating to 2% or more of the company's share capital during a financial year. The filing signals a notable change in promoter-group shareholding, though the specific direction (acquisition or disposal) and exact quantum are not indicated in the headline. The disclosure has been formally received by the exchange, confirming compliance with takeover regulations.
This is a regulatory disclosure indicating a meaningful shift in promoter-group ownership in Graviss Hospitality. Depending on whether shares were bought or sold, it could affect sentiment — a purchase signals promoter confidence, while a sale could raise concerns about promoter commitment.