The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rama Mohana Rao Bandlamudi
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Awaiting price reaction for this filing.
A regulatory disclosure has been filed by Rama Mohana Rao Bandlamudi, who appears to be part of the promoter group of Vega Jewellers Ltd, under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. This regulation requires promoters to disclose any change in their shareholding exceeding 2% of the company's total share capital within two working days. The headline does not specify whether the change was an increase (acquisition) or decrease (disposal) in stake, nor does it mention the exact percentage change or the number of shares involved.
This is a routine compliance filing and does not by itself signal a major corporate event. Retail investors should refer to the detailed disclosure on the BSE website to understand whether the promoter is buying or selling and by how much, as it could affect confidence in the stock.