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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Hindustan Cotton Company, a promoter group entity of Sarla Performance Fibers Limited, has filed a disclosure under Regulation 29(2) of SEBI's Takeover Regulations for a minor change in shareholding of 20,000 shares, representing just 0.024% of the company's total share capital. Before the transaction, the promoter group collectively held 4,75,90,586 shares, or 56.99% of the company. The filing lists multiple promoter group members including Sarladevi Jhunjhunwala, Krishna Jhunjhunwala, and several family HUFs and group companies. The document does not clearly specify whether the 20,000 shares were acquired or sold, only stating 'acquired/sold.'
This is a routine regulatory filing with negligible impact on shareholding — the promoter group's stake of around 57% remains virtually unchanged, and retail investors need not be concerned about any shift in control or promoter commitment.