The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akhil Mittal
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BSE has received a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Akhil Mittal in Ramchandra Leasing & Finance Ltd. This regulation requires shareholders to disclose to the exchange when their holding crosses, falls below, or changes significantly relative to specified shareholding thresholds. The filing confirms a threshold-related shareholding event by Akhil Mittal, though the exact direction of change (acquisition or disposal) and the percentage involved are not specified in the available details. This is a routine compliance disclosure under takeover regulations.
For shareholders, this is a regulatory disclosure rather than a corporate action; it signals that a significant shareholder's stake has moved across a SAST threshold, which may be worth monitoring for further changes in ownership pattern or promoter-level activity.