The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C Devasena
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BSE has received a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from C Devasena. This regulation requires individuals or entities holding more than 5% of a company's shares, or whose holdings change by more than 2%, to disclose their shareholding details to the exchange. No specific transaction details, share quantities, prices, or direction of trade (buy or sell) are mentioned in the available information.
Without further details on the size and direction of the change in holding, the immediate impact on shareholders or stock price is unclear. Investors should monitor for follow-up disclosures that reveal whether this represents an increase or decrease in C Devasena's stake and the magnitude involved.