The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandeep Dsilva & Others
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Awaiting price reaction for this filing.
The stock exchange has received a disclosure under Regulation 29(2) of SEBI's Takeover Regulations from Sandeep Dsilva and other related persons, who are part of the promoter/person acting in concert group of Mizzen Ventures Ltd. This regulation requires promoters and PACs to disclose changes in their shareholding that cross the 2% voting rights threshold. The filing itself only confirms receipt of the disclosure; the direction of the change (acquisition or sale) and the specific percentage moved are not stated in the headline.
For retail investors, this is a routine compliance filing rather than a major corporate event. Without details on whether the promoter group increased or reduced their stake, the immediate impact on the stock is unclear, and investors should look for the detailed disclosure for the actual transaction details.