The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Kumar Jain & PACs
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The stock exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Manish Kumar Jain along with Persons Acting in Concert (PACs). This regulation mandates that promoters and persons acting in concert report any change in their shareholding (typically acquisition or disposal) beyond prescribed thresholds. The headline does not specify whether the change is a purchase or sale, nor the quantum or percentage of the stake movement. Investors should look at the full disclosure on the BSE portal for exact details on the nature and size of the transaction.
This is a promoter-related stake change disclosure, which can be neutral or sentiment-driving depending on direction; shareholders should review the full filing to determine whether it signals buying confidence or profit-booking by the promoter group.