The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Monarch Infrapark Pvt Ltd
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BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Monarch Infrapark Pvt Ltd, an entity belonging to the promoter group of Monarch Networth Capital Ltd. This regulation requires promoter group entities to disclose changes in their shareholding (acquisition or disposal) in the listed company. The headline itself does not specify the direction of the transaction (buy or sell), the number of shares involved, or the resulting shareholding percentage.
This is a routine regulatory disclosure by a promoter group entity. Shareholders should look for the detailed disclosure to understand whether the promoter group increased or reduced its stake, as the direction of the move could influence short-term sentiment on the stock.