The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raj Kotia
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Awaiting price reaction for this filing.
BSE has acknowledged receipt of a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Raj Kotia. Regulation 29(1) requires an entity to disclose its intention to acquire or dispose of shares that may trigger the open offer threshold before executing the trade. The actual filing details, including whether it is a buy or sell, the number of shares involved, and the resulting shareholding percentage, are not available in the provided document, which only shows a BSE webpage error page. As a result, the direction and scale of the proposed transaction cannot be determined from the information given.
This is an advance notice that a potentially market-moving transaction may be in the works by Raj Kotia, but with no detail on direction or size, investors should wait for the full disclosure before drawing conclusions about its impact on the stock or shareholder value.