The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Patanjali Govind Keswani & Others
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Lemon Tree Hotels has informed the exchanges about a disclosure filed under Regulation 29(2) of the SEBI Takeover Regulations by promoter Patanjali Govind Keswani along with persons acting in concert. This regulation requires promoters or acquirers to report any change of 2% or more in their shareholding during a financial year. The specific direction of the transaction — whether it is an acquisition or a sale — is not mentioned in the headline, so the exact shift in promoter holding cannot be confirmed from this filing alone. Patanjali Govind Keswani is the main promoter of the company, and any move on his stake is closely tracked by the market.
For shareholders, this filing signals a meaningful change in the promoter's stake, which could influence short-term sentiment depending on whether it is a buy or a sell. Investors should look for the detailed disclosure for the actual change percentage and direction before drawing conclusions about the stock.