The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Kumar Modi
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BSE has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations from Ashok Kumar Modi, who is associated with National General Industries Ltd. This regulation mandates disclosure when a person's shareholding crosses the 5% threshold or changes by more than 2% from the previously disclosed level. The headline does not specify whether this is a buy, sell, or the resulting shareholding percentage. Shareholders should look up the full disclosure document on BSE/NSE for exact numbers, direction of trade, and post-transaction holding.
This is a regulatory compliance intimation rather than a new corporate action, but it signals a notable change in shareholding by a key person. Watch the detailed filing to understand whether promoter holding has gone up or down and whether any takeover-related thresholds are being approached.