The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Gupta
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The Bombay Stock Exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Manish Gupta. This regulation requires promoters or acquirers to disclose changes in their shareholding — whether through buying or selling shares. The headline does not specify whether the disclosure relates to an acquisition or disposal, nor the number of shares or percentage change involved. Further details on the nature and quantum of the transaction would be needed to assess the full impact.
Without specifics on whether this is a purchase or sale and the size of the transaction, the direct impact on the stock is unclear. Investors should watch for follow-up disclosures detailing the number of shares and percentage change to understand the promoter's stance on the company.