The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gyan Chand Jain
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Gyan Chand Jain. This regulation requires promoters and members of the promoter group to disclose changes in their shareholding of 2% or more, as well as acquisitions or disposals that cross specified thresholds. Gyan Chand Jain is likely part of the promoter/promoter group of RSC International. The headline alone does not specify whether the disclosure relates to a purchase, sale, or pledge-related change, and exact share quantities or percentage movements are not available in the provided text.
The event is a routine compliance filing under takeover norms and, on its own, is not a direct trigger for a price move. Shareholders should check the detailed disclosure on BSE/NSE to see whether it signals a promoter buying, selling, or approaching a takeover threshold, as that would have a more meaningful implication.