The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikas Jain HUF
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 from Vikas Jain HUF, a promoter-group entity of Insolation Energy Ltd. This regulation is typically triggered when a promoter or promoter-group entity crosses certain shareholding thresholds (such as 5% or subsequent 2% changes) through acquisition, disposal, or encumbrance of shares. The specific nature of the transaction (buy, sell, or pledge), the number of shares involved, and the resulting shareholding percentage are not disclosed in the headline. Without these details, the exact nature and size of the change cannot be determined from the information provided.
Investors should look for the full disclosure on the BSE portal to understand whether this is an acquisition, sale, or encumbrance by the promoter group, as this will affect their view on promoter confidence and potential stock price movement.