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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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.