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 under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2015. This regulation requires acquirers or promoters to disclose changes in their shareholding, typically when crossing 2% in a quarter or other specified thresholds. The specific details of the transaction—whether shares were acquired or sold, the quantity, and the resulting shareholding percentage—are not available in the filing headline provided.
Without the specific details of the transaction (buy or sell) or the quantum of shares involved, the immediate share price impact is unclear. Shareholders should look for the full disclosure document to understand the direction and size of the shareholding change, which could affect promoter/promoter group ownership in the company.