The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravi Lalwani
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by or on behalf of Ravi Lalwani in Suraj Industries Ltd. Regulation 29(1) requires persons holding 5% or more of a company's shares to report acquisitions or disposals of 2% or more, or any crossing of key shareholding thresholds. The exact nature of the transaction (acquisition or disposal), the quantum, and the resulting shareholding level are not disclosed in the headline and would be available in the full filing. No further detail on direction or magnitude is available from the information provided.
Without details on whether this was a buy or sell and the size of the change, the immediate impact on shareholders is unclear. Investors should check the full SAST disclosure to see if Ravi Lalwani is a promoter or significant non-promoter holder and whether any disclosure threshold has been crossed.