The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Davos International Fund
SAMPANN · price
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Sampann Utpadan India Ltd informed the exchanges about a disclosure received under SEBI's Takeover Regulations from Davos International Fund, a Mauritius-based entity. The disclosure relates to dealings by Mr. Nayan Kumar Agarwal on behalf of the fund, executed through open-market transactions. The reported shareholding figure stands at 4,06,10,000 shares both before and after the transaction, indicating no net change in holdings. Filing under Regulation 29(2) is mandatory when an existing substantial shareholder crosses or operates near prescribed creeping acquisition thresholds.
For retail investors, this is largely a procedural compliance filing. Since the share count is unchanged, there is no immediate buying or selling pressure on the stock from this entity. Investors should monitor for any further disclosures indicating actual accumulation or sale by the FII.