Madhav Copper Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI(SAST) Regulation, 2015'.
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Awaiting price reaction for this filing.
M Tek Copper Limited has submitted a disclosure to the exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2015. This rule requires a promoter, person acting in concert, or other substantial shareholder to inform the stock exchange whenever their voting shareholding in the company moves by 2% or more, whether through a purchase or a sale. The headline by itself does not state who filed it, whether shares were bought or sold, or by how much — those details would be in the attached disclosure document.
For shareholders, this is a regulatory update signalling a meaningful change in insider/promoter holdings; the actual direction (accumulation or divestment) and quantum matter for sentiment, but those specifics are not visible from the headline alone.