The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deniis Desai
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BSE has received a revised disclosure filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from an individual named Deniis Desai. Regulation 29(2) disclosures are filed when a person (along with persons acting in concert) acquires or disposes of shares crossing the 2% creeping acquisition/disposal threshold in a financial year. The fact that it is a 'revised' disclosure suggests the original filing had errors or omissions that have now been corrected. The actual direction of the trade (buy or sell), exact quantity, and the resulting shareholding percentage are not available from the headline alone.
Without the specific numbers and direction of the transaction, it is unclear what impact this has on the stock or other shareholders. Investors should check the detailed disclosure on BSE to understand whether this represents an increase or decrease in stake and whether the revised figures change anything material.