The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vasant Chheda
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Shah Construction Company Ltd has informed the BSE that it received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Vasant Chheda. This regulation requires a person who has already crossed the initial shareholding disclosure threshold to report any further change in their holding exceeding 1% of the company's share capital. The full details of the transaction (whether it was a buy or sell, the number of shares, and the price) are not included in the headline and would need to be checked in the actual filing on the BSE portal.
Without the detailed buy/sell direction and size, the precise impact on the stock or shareholder base is unclear. Investors should check the BSE filing for exact share quantity, transaction type, and resulting holding to assess any change in promoter or significant shareholder interest.