The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vivek Kumar Singhal
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BSE has received a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 from Vivek Kumar Singhal in GSB Finance Ltd. Regulation 29(1) requires shareholders holding 5% or more to inform the exchange whenever they buy or sell 2% or more of the company's shares, or when someone crosses the 5% shareholding mark. The headline does not specify whether the disclosure is a buy or a sell, nor the exact number of shares or percentage involved. No financial quantum, price, or post-deal holding is mentioned in the available text.
Investors should look for the detailed disclosure to understand if a major shareholder is increasing or reducing their stake, which could move sentiment around the stock.