The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raj Kumar
Awaiting price reaction for this filing.
The BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Raj Kumar, who is likely a promoter or person acting in concert with the company. This regulation requires substantial shareholders (typically those holding 2% or more) to disclose any acquisition or disposal of shares that results in a change of 2% or more in their voting rights. The filing itself is a routine compliance disclosure, but the actual transaction details (buy or sell, number of shares, percentage change) are not included in the headline. Without those numbers, the direction and size of the move cannot be determined from this announcement alone.
This is a compliance filing rather than a price-moving event on its own. Investors should look for the attached disclosure form to see whether Raj Kumar bought or sold shares, as that will determine whether it signals promoter confidence or a potential stake reduction.