The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navigant IR Services Pvt Ltd
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 from Navigant IR Services Pvt Ltd in relation to Pet Plastics Ltd. This regulation requires entities to report changes in their shareholding (acquisition or disposal) once they cross or fall below certain thresholds. The headline does not specify whether this disclosure relates to a buy, sell, or the exact change in shareholding percentage. The nature of Navigant IR Services' relationship with the company (promoter, FII, or other category) is also not clear from the available information.
Without the specific details of the transaction (buy/sell, number of shares, percentage change), the impact on shareholders or stock price cannot be determined. Investors should look for the detailed disclosure to understand if this signals any meaningful change in ownership structure.