The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhinav D Sadarangani & Others
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations from Abhinav D Sadarangani and others, who appear to be part of the promoter/promoter group of Organic Coatings Ltd. This regulation is triggered when an acquirer crosses certain shareholding thresholds through a creeping acquisition or disposal. The full details of the transaction — such as number of shares, whether it was a buy or sell, and the resulting shareholding percentage — are not available in the headline alone. Shareholders should check the full disclosure on the BSE portal to understand the nature and size of the change.
For retail investors, this is a regulatory disclosure filing rather than a corporate action. Its stock price impact depends on the direction (acquisition or disposal), size of the transaction, and the resulting promoter shareholding. Watch for the detailed disclosure to see if the promoter group is increasing or reducing its stake.