The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Maxgainz Finserve Pvt Ltd
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Looks Health Services Ltd informed the BSE that the exchange has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Maxgainz Finserve Pvt Ltd. Reg 29(2) disclosures are triggered when an acquirer buys or sells shares such that their aggregate holding crosses specified thresholds (typically 5% in a financial year, or 2% thereafter). The available text does not specify whether this is an acquisition or disposal, the percentage change, or the resulting shareholding of Maxgainz Finserve. No financial figures, transaction value, or period of holding are provided in the given excerpt. Shareholders should refer to the full disclosure form on the BSE website for the actual direction and quantum of the change.
Insufficient detail in the announcement to determine the directional impact on the stock. Once the full disclosure is reviewed, investors will be able to assess whether this signals a promoter-level change in stake or a routine non-promoter trading update, which could affect short-term sentiment and price action.