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
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Awaiting price reaction for this filing.
Hindustan Cotton Company, along with other promoter group entities of Sarla Performance Fibers Limited, has filed a disclosure under SEBI's SAST Regulation 29(2). The promoter group acquired 16,975 shares (0.0204% of the total share capital) on the stock exchanges. Before this acquisition, the promoter group's collective holding stood at 4,75,73,611 shares, representing 56.97% of the company. The disclosure was signed by Krishna Jhunjhunwala, Director, and covers the entire promoter group including Sarladevi Jhunjhunwala, Madhusudan Jhunjhunwala & Sons HUF, Vrinda Jhunjhunwala, and several other related entities and HUFs.
This is a routine, very small acquisition (just 0.02%) by the promoter group and is unlikely to have any material impact on the stock price. It signals continued promoter confidence, with their holding remaining well above 50% at 56.97%.