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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BSE has received a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, specifically Regulation 29(2), from Vipul Haridas Thakkar. This regulation requires persons holding a substantial stake in a listed company to disclose their acquisition or disposal of shares crossing 2% of the company's share capital in a financial year. The filing confirms that Thakkar (likely a promoter-group entity) has reported a shareholding transaction. Specific details on whether this was a purchase or sale, the number of shares involved, and the resulting shareholding percentage are not included in the headline.
This is a regulatory disclosure rather than a corporate action, so immediate stock price impact is typically limited. Investors should watch for the detailed filing to understand whether a promoter is increasing or reducing their stake, as sustained promoter buying is generally seen as a confidence signal while selling can raise concerns.