The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Murali Krishna Jonnavittula
Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Murali Krishna Jonnavittula, who appears to be part of the promoter group of I-Power Solutions India Ltd. This regulation mandates disclosure when a promoter or promoter group entity's shareholding crosses or falls below specified thresholds due to a transaction. The headline itself does not specify whether the transaction was a purchase or a sale, the number of shares involved, or the resulting shareholding percentage. Investors would need to view the full disclosure form on the BSE portal to understand the nature and size of the deal.
Since the direction and size of the promoter group transaction are not disclosed in the headline, immediate price or sentiment impact cannot be assessed. Shareholders should check the detailed disclosure to see if it signals a stake increase, a creeping acquisition near the takeover threshold, or a reduction in promoter holding.