The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nandan Damani
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Awaiting price reaction for this filing.
The stock exchange has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Nandan Damani for Simplex Realty Ltd. This regulation requires an acquirer to disclose any change in shareholding exceeding 2% from their last disclosed holding, or any crossing of the 5% threshold. The specific direction of the change (acquisition or disposal) and the exact percentage are not detailed in the headline. Nandan Damani is associated with the promoter group of Simplex Realty Ltd, a real estate company.
This is a routine regulatory disclosure and by itself does not indicate a major shift in control. Shareholders should watch for the detailed filing to understand whether the insider is increasing or reducing their stake, which could affect sentiment.