Transport Corporation of India Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 '.
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Transport Corporation of India Limited has submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This type of filing is typically made when an entity acquires or disposes of shares that results in a change of 2% or more in their voting rights, or crosses certain shareholding thresholds. The specific details regarding the entity involved, whether it is a buy or sell transaction, and the exact shareholding change are not provided in the announcement text.
Without specific details on the entity and the nature of the transaction (buy/sell, percentage change), the immediate impact on shareholders is unclear. Investors should look for the detailed disclosure from the entity to assess any changes in promoter or major shareholder holdings.