The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deep Lakhani
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Awaiting price reaction for this filing.
The stock exchange has received a disclosure under SEBI's Takeover Regulations from Deep Lakhani, who is likely an insider or significant shareholder of Rikhav Securities Ltd. Regulation 29(2) filings are made when an acquirer's shareholding changes by more than 2% in a year, or when it crosses specified thresholds such as 5%, 10%, or 15%. The exact direction (acquisition or disposal) and the percentage change are not mentioned in the headline, so the nature of the transaction cannot be confirmed from this filing alone.
Without the specifics of buy or sell, the share price impact is unclear. Investors should look at the full disclosure form on the BSE website to determine whether Deep Lakhani increased or reduced his stake, which would clarify whether this is a positive (confidence) or negative (exit) signal for the stock.