The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Viren Rajan Raheja & Akshay Rajan Raheja
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The BSE has received a revised disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Viren Rajan Raheja and Akshay Rajan Raheja, who are promoters of Josts Engineering Company Ltd. Regulation 29(2) requires disclosure when there is a change in shareholding exceeding 2% of the company's paid-up capital for those holding more than 5%. The headline does not specify the direction (acquisition or disposal), the number of shares involved, or the revised shareholding percentage. The 'revised' nature suggests an earlier disclosure was corrected or updated.
The exact impact on the stock or shareholders is unclear from the headline alone, as it lacks the quantum and direction of the shareholding change. Investors should check the detailed disclosure to understand whether promoters increased or reduced their stake.