Man Infraconstruction: Promoter group SAST disclosure under Reg 29(2)
MANINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE received a disclosure under Regulation 29(2) of SEBI Substantial Acquisition of Shares and Takeovers Regulations 2011 from Parag K Shah and others, part of the promoter group of Man Infraconstruction. This regulation is triggered when a promoter or persons acting in concert acquire or dispose of more than 2 percent of the companys equity shares in a financial year. The filing header received does not specify the direction of the transaction or the exact percentage change in stake.
Signals a material change in promoter shareholding above the 2 percent threshold. Investors should watch for follow up details on direction and stake movement.