The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pawan Kumar Modi
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BSE has received a disclosure under Regulation 29(1) of SEBI's Takeover Regulations, 2011, filed by Pawan Kumar Modi. This regulation requires individuals or entities to disclose acquisitions or disposals of shares that cross the 2% creeping acquisition threshold in a financial year. The filing indicates a meaningful change in shareholding by Mr. Modi, though specific transaction details (buy or sell, exact quantity, post-holding percentage) are not provided in the headline. The disclosure is part of regulatory compliance under the Substantial Acquisition of Shares & Takeovers framework.
This is a routine regulatory filing signaling a notable change in shareholding. Investors should look for the detailed disclosure to understand whether Mr. Modi increased or reduced his stake, which could influence sentiment around the stock.