The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikasa India ELF I Fund
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Awaiting price reaction for this filing.
Vikasa India ELF I Fund, an institutional investor, has filed a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011 with the BSE. This type of filing is triggered when an acquirer crosses the 5% shareholding threshold in a listed company, or whenever their holding changes by 2% or more thereafter. The exact number of shares acquired and the resulting shareholding percentage are not mentioned in the headline. The disclosure signals a meaningful institutional buying interest in True Green Bio Energy Ltd, though the precise size of the transaction is not available from the filing title alone.
For shareholders, this filing indicates that a fund has taken a sizeable position in the company and is required to publicly disclose its stake. Depending on the size of the acquisition, it could support the stock price by signalling institutional confidence, but investors should look at the actual shareholding percentage to judge the true significance.