The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Evolution Capital Advisory Services Pvt Ltd
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Evolution Capital Advisory Services Pvt Ltd, a Mumbai-based entity, has filed a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 with the BSE for Kranti Industries Ltd. The filing indicates an acquisition of shares in the company. The acquirer's registered address is in Andheri, Mumbai. Specific details such as the number of shares acquired, the percentage holding before and after the acquisition, and the transaction date are not clearly visible in the document extract provided. The filing was made to comply with the mandatory disclosure requirements under the Takeover Code.
This is a regulatory disclosure confirming that a third party (Evolution Capital Advisory Services) has acquired shares in Kranti Industries and is required to disclose the same under SAST rules. Shareholders should watch for further details on the size of the acquisition, as large acquisitions can influence stock price and trigger open offer obligations if thresholds are breached.