Promoter Siddharth Mehra files SEBI Reg 10(6) acquisition disclosure
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Siddharth Mehra has filed a disclosure with the exchange under Regulation 10(6) of SEBI's Takeover Regulations 2011. This filing reports an acquisition made under the exemption provided in Regulation 10, which typically covers inter se transfers among promoters or qualifying promoter group acquisitions that are exempt from triggering an open offer. The headline does not mention the number of shares, the price, or whether this is a market purchase or an internal promoter group transfer.
Routine regulatory filing by a promoter. No immediate price impact expected, but watch for further details on the size and nature of the acquisition.