The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahesh Agrawal
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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 Mahesh Agrawal in relation to Mid East Portfolio Management Ltd. Regulation 29(2) requires persons holding more than 5% of a company's shares or voting rights to disclose any change in their holding (acquisition or disposal). The filing does not specify the direction (buy or sell) or the quantum of the transaction.
The exact impact on shareholders is unclear without details on whether this was an increase or decrease in stake and the size of the change. Investors should watch for the full disclosure or any subsequent filings to understand the nature and scale of Mahesh Agrawal's move.