The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kishor Amichand Shah
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Awaiting price reaction for this filing.
The BSE has received a disclosure under Regulation 29(2) of SEBI's SAST (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kishor Amichand Shah, who appears to be part of the promoter/promoter group of Mid East Portfolio Management Ltd. This regulation requires promoters and certain other persons to disclose any acquisition or disposal of shares that changes their aggregate holding beyond specified thresholds or by more than 2% of the company's share capital. The specific nature of the transaction — whether it is a buy or a sell, and the exact change in shareholding percentage — is not detailed in the headline and would need the full disclosure form for confirmation.
For retail investors, this is a routine compliance disclosure and not necessarily positive or negative on its own. The actual impact on the stock will depend on whether Kishor Amichand Shah has increased or reduced his stake, and by how much — investors should check the full Reg 29(2) filing on BSE/NSE for the exact details before drawing conclusions.