The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rhea Shah
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Shah Construction Company Ltd has filed a disclosure with the BSE under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The disclosure has been made by Rhea Shah, who is part of the promoter/promoter group. This regulation requires promoters and promoter-group entities to report any acquisition or disposal of shares that crosses the prescribed thresholds during a financial year. The headline does not specify whether the transaction was a purchase or a sale, nor does it disclose the number of shares or the percentage change in holding.
This is a routine regulatory disclosure and on its own does not signal any major shift in ownership. Investors should look for the detailed disclosure to understand whether the promoter group's stake has increased or decreased and by how much, as this could affect the shareholding pattern and, in turn, sentiment around the stock.