The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kapil Garg & Others
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Mufin Green Finance Ltd has filed a disclosure with BSE under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, submitted by Kapil Garg and others. This regulation requires persons (including promoter group members) holding more than 5% of a company's shares, or those who have crossed that threshold, to disclose acquisitions or disposals of 2% or more of the company's share capital. The specific direction of the transaction (acquisition or disposal) and the exact quantum are not detailed in the headline and would need the attached PDF for confirmation. The filing signals an ongoing change in shareholding by a promoter-group entity that warranted regulatory disclosure.
Investors should review the attached disclosure to understand whether the promoter group is increasing or reducing its stake. A material acquisition could indicate promoter confidence, while a sale could raise concerns about promoter exit intent.