The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anuj Agarwal & Raj Kumar Agarwal
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Anuj Agarwal and Raj Kumar Agarwal, who are part of the promoter group of Step Two Corporation Ltd. This regulation requires disclosure when an acquirer's shareholding crosses key thresholds (such as 5%) or changes by 2% or more from the last disclosure. The filing indicates a recent transaction by the promoter group, but the headline does not specify whether shares were bought or sold, or the exact change in stake.
The disclosure signals a noteworthy change in promoter shareholding, which shareholders should track. The actual direction (acquisition or disposal) and size of the change will determine whether this is a confidence-boosting buy signal or a potential dilution/concern trigger for the stock.