The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dharmeshkumar Rameshchandra Mistry
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Dharmeshkumar Rameshchandra Mistry in Heera Ispat Ltd. This regulation requires an acquirer to disclose changes of 2% or more in shareholding or voting rights once they hold more than 5% but less than 75% of the company (a 'creeping acquisition' disclosure). The headline itself does not specify whether the move was a buy or a sell, or the exact percentage change, so the direction and size of the transaction are not clear from the available text. Investors should check the actual disclosure form on the BSE corporate filings page for the exact numbers, the mode of acquisition, and the post-transaction shareholding.
This is a routine compliance disclosure rather than a fresh block deal, and on its own is unlikely to materially move the stock. Watch for the detailed filing to know if Mistry has raised or trimmed his stake, which could signal his conviction in the company.