The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nandanvan Commercial Pvt Ltd
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BSE has received a disclosure under Regulation 29(1) of SEBI's Takeover Regulations, 2011, filed by Nandanvan Commercial Pvt Ltd in relation to shares of USG Tech Solutions Ltd. This regulation requires any acquirer already holding more than 5% of a company's shares to disclose every further acquisition of 2% or more. The disclosure indicates that Nandanvan Commercial has crossed or changed a shareholding threshold that triggers mandatory reporting. No specific share count, percentage change, or transaction value is visible in the headline. Investors should look to the detailed disclosure on BSE/NSE for exact numbers and the nature of the acquisition (open market, bulk deal, or preferential allotment).
This signals a meaningful shift in the shareholding pattern of USG Tech Solutions, and retail investors should watch for potential creeping acquisition activity that could eventually trigger an open offer obligation under takeover rules.