The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhadevi Sanghai
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Awaiting price reaction for this filing.
Polo Queen Industrial and Fintech Ltd has reported a disclosure under Regulation 10(6) of the SEBI Takeover Regulations for Prabhadevi Sanghai. Regulation 10(6) is the reporting requirement for incremental share acquisitions (creeping acquisitions) made by an existing shareholder who already holds between 5% and 10% (or up to the permissible limit). The disclosure has been submitted to the stock exchange, indicating a further purchase of shares that crosses a reporting threshold. Full details on the number of shares acquired, price, and the acquirer's revised shareholding would be in the accompanying disclosure form.
This is a routine regulatory disclosure and is not directly price-negative. However, it signals continued buying by an existing shareholder, which may be mildly positive as it reflects confidence in the company at current levels.