The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rhea Mehul Shah
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Awaiting price reaction for this filing.
Shah Construction Company Ltd has submitted a disclosure to the stock exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on behalf of Rhea Mehul Shah, who appears to be a promoter or person acting in concert with the promoter group. This regulation requires disclosure whenever there is a change in shareholding of more than 2% in a financial year, or a sale or purchase that crosses specified thresholds. The headline alone does not specify whether the transaction was a buy or a sell, nor does it mention the exact quantity or percentage of shares involved. Shareholders would need the detailed disclosure form to know the nature and size of the change in stake.
The filing signals a change in promoter-group shareholding, but with no details on direction or size, the immediate impact on the stock is neutral. Investors should check the full disclosure on the BSE portal to understand if the promoter is adding or reducing their stake in the company.