The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for UTI Investment Advisory Services Ltd
RADIANTCMS · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.4 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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UTI Investment Advisory Services Ltd, an institutional investor, has filed a disclosure with the exchange under SEBI's Takeover Regulations, 2011. Regulation 29(2) applies to entities holding more than 5% of a company's shares who have bought or sold shares crossing the 2% trigger limit in the financial year. The filing confirms that a major institutional shareholder has reported a change in their holding in Radiant Cash Management Services. The exact nature (acquisition or disposal) and quantum of the change is not detailed in the headline provided. The disclosure is a routine regulatory compliance by a significant shareholder.
This is a mandatory disclosure and does not by itself indicate a positive or negative signal for the stock. Shareholders should look at the detailed disclosure to see whether UTI Investment Advisory Services increased or reduced its stake, which could give clues about institutional confidence in the company.