The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suryaraj Kumar
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suryaraj Kumar, a promoter of Mediaone Global Entertainment Ltd (listed on BSE), has disclosed a sale of 35,500 shares through an off-market transaction under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. His shareholding reduced from 2,30,424 shares to 1,94,924 shares following the sale. The transaction represents roughly a 15% reduction in his personal holding. The mode of acquisition/sale is recorded as 'off-market,' meaning the shares were transferred privately rather than through the open market.
A promoter offloading shares off-market is generally viewed cautiously by retail investors, as it may indicate the promoter is reducing exposure. However, off-market deals are often structured transfers (e.g., to family members or associates) rather than outright exits, so the full picture depends on who the buyer was — which is not disclosed in this filing.