The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for La-tim Lifestyle & Resorts Ltd
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La-tim Lifestyle & Resorts Ltd, part of the promoter/promoter group of La Tim Metal & Industries Ltd, acquired 15,000 shares (0.01%) of the company, as disclosed under SEBI Takeover Regulations 2011. The acquisition raised the entity's holding from 5,88,600 shares (0.44%) to 6,03,600 shares (0.46%) of the total share capital. The shares are listed on BSE Limited. No encumbrance, voting rights changes beyond shares, or convertible instruments are involved in this transaction.
The promoter group's stake has marginally increased by 0.01%, signaling continued promoter confidence in the company. Given the very small size of the acquisition, the impact on share price or shareholder sentiment is likely negligible.