The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suryaraj Kumar
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Awaiting price reaction for this filing.
Suryaraj Kumar, identified as belonging to the promoter/promoter group of Mediaone Global Entertainment Ltd, purchased 30,000 equity shares through the open market on 28-03-2025. His total holding rose from 27,042 shares to 57,042 shares after the transaction. The disclosure was made under Regulation 29(2) of SEBI's Takeover Regulations, which is triggered when there is a change in shareholding exceeding 2% in a financial year. The shares are listed on BSE.
A small but positive signal — a promoter is incrementally increasing his stake, suggesting some confidence in the company. However, the absolute size of the purchase is negligible relative to the overall share capital, so it is unlikely to move the stock price materially.