The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Yatin Sanjay Gupte in Mangalam Industrial Finance Ltd. This regulation requires persons holding more than 5% of shares (or promoters whose holdings change by over 2%) to disclose acquisitions or disposals to the exchange. The headline does not specify whether the disclosure relates to a share purchase or sale, nor does it mention the number of shares or percentage change involved. No transaction details, price, or direction of trade are visible in the announcement.
Without the specifics of the disclosure — direction (buy/sell), quantum, and post-deal shareholding — the immediate impact on shareholders or the stock is unclear. Investors should check the full filing for details on whether this is an acquisition or disposal to gauge any sentiment implications.