The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhinath Shinde
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Abhinath Shinde in relation to Pet Plastics Ltd. This regulation requires promoters, persons acting in concert, or major shareholders to disclose changes in their shareholding that cross specified thresholds. The filing itself does not specify whether the transaction is a buy or a sell, the number of shares involved, or the resulting shareholding percentage.
The specific market impact cannot be determined from this brief disclosure. Investors should wait for the detailed disclosure to understand the direction and size of the shareholding change before drawing conclusions about potential price effects.