The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nikhil D Sadarangani
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BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Nikhil D Sadarangani. This regulation requires promoters or persons acting in concert to report to the stock exchange when their voting rights in the company change by 2% or more through buying or selling shares. The specific details of the transaction — whether it was a buy or sell, the number of shares, and the post-transaction holding — are not included in the headline and would be in the attached disclosure document.
Without the full disclosure details, the direction and size of the change in stake cannot be confirmed. Investors should look at the attached PDF to see if this represents an increase or decrease in the promoter's holding, which could affect sentiment on the stock.