The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jagdish Kumar Arora & PACs
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The stock exchange has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations from Jagdish Kumar Arora, classified as a promoter along with persons acting in concert (PACs), in Som Distilleries & Breweries Ltd. Regulation 29(2) filings are mandatory when a substantial shareholder changes their voting rights in the company by more than 2% from their last disclosed level. The specific direction of the transaction (acquisition or disposal) and the exact number of shares involved are not detailed in the headline. The detailed disclosure with share quantity, percentage change, and mode of transaction would be in the accompanying annexure.
This is a standard regulatory disclosure by a promoter-group entity, and the actual market impact depends on whether shares were bought or sold and the size of the change. Investors should check the full disclosure for the transaction direction and quantum before drawing conclusions.