The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunil Kumar Manocha
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The BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Sunil Kumar Manocha in Rose Merc Ltd. Regulation 29(2) requires disclosure when a shareholder's voting rights change by more than 2% in a company. The headline does not specify whether the change is an acquisition or disposal, nor the exact percentage or number of shares involved. Without the detailed disclosure data, the direction and magnitude of the stake change cannot be confirmed from the available information.
SAST disclosures by individuals often indicate meaningful shifts in ownership, which investors should monitor to understand promoter or significant shareholder activity in Rose Merc Ltd.