Disclosure u/r 29(2) of SEBI (SAST), Reg 2011, received from Mr. Nishant Mittal.
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Awaiting price reaction for this filing.
Space Incubatrics Technologies Ltd has informed the stock exchanges that it has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Mr. Nishant Mittal. This regulation requires persons holding more than 5% of a company's shares (or who cross that threshold) to disclose changes in their shareholding beyond 2%. The filing does not specify the direction (acquisition or disposal) or the quantum of the change. No further details on the percentage movement or transaction value have been disclosed in the announcement.
Without details on whether the disclosure pertains to a purchase or sale and the percentage change involved, the impact on shareholders or the stock price cannot be clearly assessed. Investors should wait for further details or the next disclosure from the company to understand the nature of the change in Mr. Mittal's shareholding.