Sanjiv Goenka has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Sanjiv Goenka, a promoter of Spencer's Retail Limited, has filed a disclosure with the exchange under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation requires promoters and persons holding encumbered shares to disclose changes in their shareholding. The exact details of the disclosure — such as whether shares were pledged, released, or invoked — are not specified in the headline.
Investors should look for the attached disclosure document to understand whether this represents a new pledge, a release, or an invocation involving the promoter's shares, as each scenario carries different implications for stock sentiment.