The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vipul Haridas Thakkar
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Silver Touch Technologies Ltd has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations, 2011, filed by Vipul Haridas Thakkar. This regulation requires persons holding significant shares (above 5%) to disclose acquisitions or disposals crossing 2% in a financial year, or any move crossing the 5% threshold. The exact nature of the transaction (buy or sell) and the quantum of shares are not mentioned in the available information. Vipul Haridas Thakkar is understood to be associated with the promoter group of the company. The filing itself is a compliance requirement under Indian takeover rules and does not by itself indicate any extraordinary corporate event.
Investors should wait for the detailed disclosure to understand whether the insider is increasing or reducing his stake. The share price may react mildly once the full transaction details (number of shares, price, and direction) are made public, but the filing on its own is routine regulatory compliance.