The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhishek Kamdar & PACs
Awaiting price reaction for this filing.
The promoter group, led by Abhishek Kamdar along with Persons Acting in Concert (PACs), has filed a disclosure with the stock exchange under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation requires promoters and acquirers to inform the exchange whenever their shareholding crosses key thresholds such as 5%, 10%, or higher levels of the company's total voting capital. The exact direction of the change (whether the promoter group's stake increased or decreased, and the precise percentage impact) is not mentioned in the headline and would be in the detailed disclosure form filed with the exchange.
This is a routine compliance filing triggered by the promoter group's shareholding crossing a regulatory threshold. Investors should review the detailed disclosure form for specifics on whether the promoter raised or trimmed its stake, as material changes can affect perceptions of promoter confidence in the company.