Please find the attached Regulation 29(2) & 29(3) of SEBI SAST Regulation received from Promoter Group
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indong Tea Company Ltd has informed the exchanges about a disclosure received from its Promoter Group under Regulation 29(2) and 29(3) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations. These regulations require shareholders (including promoter group entities) to disclose changes in their shareholding when they cross or change past specified thresholds, typically 5% and subsequent changes of 2%. The actual details of whether the promoter group has bought or sold shares, and the exact quantum of change, are not specified in the headline alone.
Such filings indicate a change in promoter group shareholding, but without details on direction or size, the near-term impact on the stock is unclear. Investors should check the full disclosure for whether the promoter group has increased or reduced its stake.