The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddharth Sethi
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The stock exchange has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Siddharth Sethi, a shareholder of Infobeans Technologies Ltd. This regulation requires persons holding more than 5% of a company's shares (or promoters holding any shares) to inform the exchange whenever their shareholding changes by more than 2% of the company's total shares. The detailed body of the filing was not readable, so the exact number of shares transacted, the direction of the trade (buy or sell), and the resulting shareholding percentage cannot be determined from the document text available.
This is a routine regulatory disclosure, not a corporate event. Without confirmed details on whether shares were bought or sold, the immediate share-price impact is expected to be limited. Investors should look at the full filing on the BSE website to understand whether a major shareholder is increasing or reducing their stake.