The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jatinbhai Ramabhai Patel & PACs
Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Jatinbhai Ramabhai Patel along with persons acting in concert (PACs). This regulation requires promoters or PACs to disclose any acquisition or disposal of shares that triggers a reporting threshold (typically 5% and changes of 2% thereafter). The announcement confirms the filing was received but does not specify whether the transaction was a buy or sell, the number of shares involved, or the resulting shareholding percentage.
The disclosure itself is a routine compliance filing and may not have a direct material impact on the stock. Shareholders should look for the detailed disclosure to understand the direction and size of the transaction, which will clarify whether the promoter group is increasing or reducing its stake in PAE Ltd.