The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arihant Share Consultancy
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Awaiting price reaction for this filing.
BSE has received a Regulation 29(2) disclosure under the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Arihant Share Consultancy. Regulation 29(2) filings are typically made by shareholders who already hold more than 5% in a company to report any change of 2% or more in their holding (either acquisition or disposal). The filing suggests an existing substantial shareholder has reported a change in their stake in Kretto Syscon Ltd. The exact direction (buy or sell), the size of the change, and the post-disclosure holding percentage are not visible in the headline.
Since the direction and size of the stake change are not disclosed in the headline, investors should look at the detailed disclosure to understand whether this is an increase or decrease in holding. Reg 29(2) filings near regulatory thresholds can sometimes signal creeping acquisition activity and may warrant a closer look at the shareholding pattern.