The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shreyas R Virani & PACs
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SAR Auto Products Ltd has filed a disclosure under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers Regulations, 2011 on behalf of Shreyas R Virani along with Persons Acting in Concert (PACs). This regulation requires promoters or PACs to disclose to the stock exchange whenever they buy or sell shares resulting in their holding crossing certain thresholds or changing by 2% or more. The full details of the filing — including the nature of the transaction (acquisition or disposal), number of shares, and revised shareholding percentage — are not available as the underlying BSE document link is currently inaccessible (returns a 'page moved' error). Investors should monitor the company's filings for the specific details of the transaction.
Without the actual document content, the exact impact on shareholding cannot be determined. Reg 29(2) filings usually signal a meaningful change in promoter/PAC stake, which may affect short-term stock sentiment once full details emerge.