The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhinav Sadarangani
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Awaiting price reaction for this filing.
The BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, filed by Abhinav Sadarangani. This type of disclosure is typically made by promoters or persons acting in concert when there is a change in their shareholding beyond prescribed thresholds. The headline does not specify whether the transaction is an acquisition or disposal, the number of shares involved, or the resulting shareholding percentage. The full details would be available in the detailed disclosure filed with the exchanges.
Without knowing whether this is a buy or sell, and the quantum of shares involved, the immediate impact on the stock is unclear. Investors should check the full disclosure document on the BSE/NSE portal to understand if this signals a change in promoter holding, which could affect sentiment.