The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pilak Rajendra Shah & PACs
HARSHA · price
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Pilak Rajendra Shah along with Persons Acting in Concert (PACs). This regulation requires promoters and PACs to report changes in their shareholding or voting rights of 2% or more in the company. The disclosure indicates a change in promoter-group ownership that crosses the SEBI reporting threshold. The specific direction of the transaction (acquisition or disposal) and the exact change in shareholding percentage are not detailed in the headline.
Shareholders should monitor the detailed disclosure to understand whether this represents an increase or decrease in promoter stake, as it can influence perceptions of promoter confidence and future stock price direction.