The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Authum Investment & Infrastructure Ltd
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Authum Investment & Infrastructure Ltd has filed a disclosure under Regulation 29(2) of SEBI's SAST Regulations, 2011, indicating a substantial acquisition of shares in Prataap Snacks Ltd. Regulation 29(2) mandates disclosure when an acquirer crosses or reaches certain shareholding thresholds. This suggests Authum Investment has either crossed or is approaching significant ownership thresholds in the company. The filing is being disseminated by the BSE as part of regulatory compliance for substantial acquisitions and changes in shareholding beyond specified levels.
This indicates a significant change in shareholding structure of Prataap Snacks. A substantial acquisition by an entity like Authum Investment could alter the promoter/shareholder balance and may signal a potential change in control or strategic interest in the company.