The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandeep Ispat Trader LLP
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Sandeep Ispat Trader LLP, an entity connected to Monotype India Ltd. This regulation requires promoters, promoter group entities, and persons acting in concert to disclose any acquisition or sale of shares that crosses the 2% creeping acquisition/sale threshold in a financial year. The filing confirms a change in shareholding or voting rights by this entity, though the exact nature (buy or sell) and quantum are not detailed in the headline. Such disclosures are routine compliance requirements under the takeover code and do not, by themselves, indicate a full-scale takeover attempt.
This is a standard regulatory compliance filing, not a corporate action. Shareholders should look at the detailed disclosure (Form C or equivalent) to see whether the entity increased or reduced its stake and by how much, as material changes could affect the shareholding pattern and perceived promoter control.