The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pranav Shah
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pranav Satishkumar Shah, part of the Promoter Group of Sacheta Metals Ltd, filed a disclosure under SEBI's Takeover Regulations for a small open market share purchase. Before the transaction he held around 9.03% of the company, and the acquisition was negligible at roughly 0.00% change in stake. After the buy, his holding remains approximately 9.03% of the share capital and voting rights. The total equity capital of Sacheta Metals is Rs. 25 crore divided into 12.5 crore equity shares of Rs. 2 each. The transaction date is around late March 2016 and was executed on the BSE.
This is a routine insider disclosure showing a token open market purchase by a promoter group member. The stake change is too small to materially affect the shareholding pattern or signal any shift in promoter confidence, so it is largely neutral for shareholders.