The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyoti Varun Kabra & PACs
PLASTIBLEN · price
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The stock exchange has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Jyoti Varun Kabra along with Persons Acting in Concert (PACs). Regulation 29(2) is triggered when a shareholder's voting rights in the company change — either through acquisition or disposal of shares — crossing specific thresholds (such as 5%) or changing by more than 2% of total share capital. The Kabra family is associated with the promoter group of Plastiblends India. The exact nature of the transaction (buy or sell), the number of shares involved, and the resulting change in shareholding percentage are not specified in the available details.
This is a routine regulatory disclosure and may indicate a change in the promoter group's shareholding. Investors should look for the detailed disclosure to understand whether this is an acquisition, disposal, or a creeping acquisition, as it could affect promoter holding levels and future takeover-related implications.