The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nileshbhai Bhagvanji Bapodara & PACs
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BSE has received a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Nileshbhai Bhagvanji Bapodara along with Persons Acting in Concert (PACs). Regulation 29(1) requires promoters or PACs to disclose any acquisition or disposal of shares that crosses the prescribed reporting thresholds. The specific transaction details, including whether shares were bought or sold and the change in shareholding percentage, are not mentioned in the headline. Shareholders should look at the full disclosure form for the exact quantum and nature of the change in stake.
This is a routine regulatory disclosure and does not by itself indicate a major shift in control. Investors should check the full filing to understand if the promoter group has increased or reduced their stake, which could be mildly positive or negative for the stock.