Varun Somani has submitted to the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
ORICONENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Varun Somani, a promoter of Oricon Enterprises Limited, has filed a disclosure with the exchange under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This regulation requires promoters and promoter group entities to disclose changes in their shareholding, typically when buying or selling shares that cross certain thresholds or result in changes greater than 2% of the company's share capital. The announcement itself does not specify the direction (buy or sell) or the exact quantum of shares transacted. Shareholders would need to refer to the actual disclosure document to know the details.
Without the specifics of the disclosure, there is no immediate clarity on whether the promoter has increased or decreased their stake. Investors should watch for follow-up filings or the detailed disclosure to assess any impact on promoter holding and potential stock price movement.