The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanlam Emerging Market (Mauritius) Ltd
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BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Sanlam Emerging Market (Mauritius) Ltd, a foreign institutional investor. This regulation requires ongoing disclosures when an entity that already holds a substantial stake acquires further shares, typically under the creeping acquisition framework (acquisitions exceeding 2% in a financial year beyond the initial threshold). The filing indicates that Sanlam has continued to buy or change its shareholding in Shriram Asset Management Company. Specific share quantity, price, and percentage change details are not available in the headline.
This signals continued interest from a foreign institutional investor in Shriram AMC. For shareholders, it indicates a stable or increasing foreign holding, which can be seen as a vote of confidence, though the exact impact depends on the quantum and direction of the change, which is not disclosed here.