The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Minerva Ventures Fund
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BSE has acknowledged receipt of a disclosure filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 by Minerva Ventures Fund in relation to Iconik Sports And Events Ltd. This regulation requires entities holding 5% or more of a company's shares to report acquisitions or disposals of 2% or more of the share capital. The filing itself only confirms the exchange received the disclosure and does not include transaction-specific details such as whether shares were bought or sold, the number of shares, or the resulting shareholding percentage. Without these figures, the nature and direction of the transaction cannot be determined from this notice alone.
Limited impact for shareholders at this stage, as the actual transaction details (buy or sell, quantity, and revised holding) are not disclosed in the headline. Investors should look for the full disclosure to understand if this reflects accumulation or divestment by a substantial shareholder.