The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikash Jain
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Insolation Energy Ltd has informed the BSE that it received a disclosure from Mr. Vikas Jain, the company's Managing Director and Promoter, under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations require promoters to disclose changes in their shareholding when crossing prescribed thresholds. However, the actual details of the transaction — whether it is a buy, sell, the number of shares involved, or the revised shareholding — have not been disclosed in this intimation letter and would be in the attached enclosure.
The filing confirms a regulatory disclosure by a key insider (Managing Director and Promoter), which investors should monitor. Without the actual transaction details, the near-term impact on the stock is unclear; investors should look for the attached disclosure to understand whether the promoter has increased or reduced their stake.