Promoter-group individual files Reg 31(4) Takeover disclosure with exchanges

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

WIPRO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Ganesh Kumar Ramachandran, associated with Wipro's promoter group, has submitted a disclosure under Regulation 31(4) of SEBI's Takeover Regulations, 2011 to the stock exchanges. This regulation requires persons who are gradually acquiring shares (creeping acquisition) to disclose their aggregate shareholding and acquisition details to the market. The headline does not specify the exact number of shares acquired or the current holding; those figures would be available in the attached disclosure document.

Likely market impact

Routine regulatory compliance disclosure; no immediate material impact on shareholding or stock price expected.