The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mona Pradip Sandhir
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The Bombay Stock Exchange (BSE) has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, from Mona Pradip Sandhir, who appears to be part of the promoter/promoter group of Interactive Financial Services Ltd. This regulation requires promoters or promoter group members to report changes of 2% or more in their shareholding to the stock exchanges. The announcement does not specify the direction of the change (acquisition or disposal), the number of shares involved, or the resulting shareholding percentage. Shareholders will need to look at the detailed disclosure on the exchange/bse portal to understand whether the promoter group has bought or sold shares in the company.
This is a routine regulatory disclosure confirming a change in shareholding by a promoter group member. The actual market impact — whether positive (signal of promoter confidence on a buy) or negative (signalling a promoter exit on a sell) — cannot be determined from this notice alone, as the specific transaction details are not provided. Retail investors should wait for the detailed disclosure to assess the implications.