The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Srinivasa Rao Mandava
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Telogica Ltd has informed the BSE that it received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011 from Srinivasa Rao Mandava. This regulation requires shareholders who hold or change their holding above 5% in a listed company to disclose their share acquisition or disposal to the exchange. The available filing text does not specify whether the disclosure relates to a share purchase, sale, or encumbrance, nor does it indicate the quantum of shares involved or the post-disclosure holding level. Shareholders should refer to the full disclosure document on the BSE website for details on the direction, size, and nature of the change in shareholding.
The headline alone is not enough to determine the stock's direction — the market impact depends on whether the change is a buy or a sell, the size of the transaction, and the identity (promoter vs. public shareholder) of the person. Investors should look up the full SAST disclosure before reacting.