The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amrit Nirmal Chamaria & Niraj Chamaria
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011 from Amrit Nirmal Chamaria and Niraj Chamaria. This regulation requires promoters and members of the promoter group to report to the stock exchanges when their aggregate share acquisitions or disposals cross prescribed thresholds during a financial year. The Chamarias appear to be part of the promoter group of Pro Clb Global Ltd based on this mandatory disclosure filing. The headline itself does not specify whether this was a purchase, sale, or the percentage change in holding. Investors would need to check the detailed disclosure form for the exact nature and quantum of the transaction.
This is a routine regulatory compliance filing under takeover rules rather than a standalone trading event. Shareholders should look at the detailed disclosure to understand whether promoter group holding has gone up or down, as sustained buying/selling by promoters can influence stock sentiment.