NAVRATTAN MUNJAL has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Navrattan Munjal, part of the promoter/promoter group of Ind-Swift Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This regulation requires promoters and persons acting in concert to disclose details of shares encumbered (pledged) by them in the target company. The announcement does not specify the nature of the encumbrance (creation, release, or invocation) or the number of shares involved in the submitted disclosure.
Since the headline does not reveal whether this involves a new pledge, release, or invocation, investors should look for the accompanying disclosure document to understand any change in encumbered shares held by the promoter group. No immediate impact on share price is indicated from this brief announcement.