The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hindustan Cotton Company & Others
SARLAPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hindustan Cotton Company, part of the promoter group of Sarla Performance Fibers, along with 10 other promoter/promoter group entities, has filed a Regulation 29(2) SAST disclosure with the exchanges. The promoter group's collective holding before the transaction was 4,75,59,789 shares, representing 56.9558% of the company's share capital. The filing discloses an acquisition of 5,317 shares (0.0064% of total share capital) by the promoter group. Post-transaction, the aggregate promoter group holding remains at 56.9558%.
This is a minor, routine acquisition of just 5,317 shares (0.0064%) by the promoter group, reinforcing their confidence in the company. There is no material change in the promoter shareholding percentage or any impact on minority shareholders. The promoter group continues to hold a comfortable majority above the 50% threshold.