The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hindustan Cotton Company & Others
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Awaiting price reaction for this filing.
Hindustan Cotton Company along with other promoter group entities filed a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations for Sarla Performance Fibers. Before this transaction, the promoter group collectively held 4,76,20,586 shares, representing 57.03% of the company's total voting share capital. They acquired an additional 18,248 shares (0.0219% of total share/voting capital). This is a small incremental purchase by the promoter group, filed as a routine regulatory disclosure under Regulation 29(2). The promoter group continues to hold well above the 50% majority threshold after this acquisition.
Minimal impact on shareholders — this is a tiny 0.02% incremental purchase by the promoter group, reinforcing their dominant 57% stake. No change in control or material dilution/enlargement of promoter holding. Likely a routine, non-disruptive filing.