The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kollareddy Ranganayakamma
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A disclosure has been filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 by Kollareddy Ranganayakamma, who appears to be a member of the promoter group of Midwest Gold Ltd. This regulation requires promoters to disclose any change in their shareholding exceeding 2% during the financial year. The headline does not specify whether the transaction is a purchase or a sale, nor does it mention the number of shares or the percentage change in holding. The full disclosure document would be needed to understand the nature and scale of the change.
Without details on whether this is a promoter buying or selling shares, the impact on shareholders is unclear. Investors should track the full disclosure to assess if promoter confidence in the company is increasing or declining.