The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Authum Investment & Infrastructure Ltd
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Authum Investment & Infrastructure Ltd in relation to Spicejet Ltd. This regulation is triggered when an acquirer's shareholding crosses specified thresholds or changes by more than 2% between 5% and 10% levels. The exact direction (buy or sell) and the specific percentage change are not mentioned in the headline alone. Authum has historically been an active investor in Spicejet.
For retail investors, this signals that a major non-promoter shareholder has either crossed or moved away from a key shareholding threshold in Spicejet, which may warrant monitoring of the stock for further stake changes by Authum.