Venkatesh Rajagopal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
INDTERRAIN · price
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Awaiting price reaction for this filing.
Venkatesh Rajagopal, an insider/promoter-group person in Indian Terrain Fashions, has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires persons holding more than 25% of shares in a company to disclose their aggregate holdings and confirm they have not triggered the open-offer requirement through creeping acquisitions. The filing is a routine compliance submission with no specific transaction details, share counts, or price information disclosed in this announcement.
This is a routine regulatory filing rather than a corporate action, so it is unlikely to have a direct impact on the stock price. However, it confirms that an insider's holdings are being actively monitored under takeover rules, which retail investors should note when tracking promoter/informed-person positions.