Madhav Copper Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI(SAST) Regulation, 2015'.
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M Tek Copper Limited (formerly Madhav Copper Limited) has filed a disclosure with the exchange under Regulation 29(2) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2015. This regulation typically applies when the promoter or promoter group acquires or disposes of 2% or more of the company's voting share capital. The detailed contents of the disclosure (direction of transaction, exact percentage, and parties involved) are not available in the provided announcement text.
The specific impact on shareholders cannot be determined from the headline alone without the underlying disclosure details. Investors should check the full filing to understand whether promoters have increased or reduced their stake and by how much.