The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Santoshkumar Saraswat
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Santoshkumar Saraswat, who is associated with Yug Decor Ltd. This type of filing is made when a promoter or promoter group member's shareholding changes due to a purchase or sale of voting rights shares. The public announcement does not specify whether the change was a buy, sell, or the size of the transaction. Shareholders would need to review the detailed disclosure on the BSE or company filings portal for the exact nature and quantum of the change.
Without the direction and size of the shareholding change, it is premature to assess any direct impact on the stock. Investors should look at the detailed disclosure to understand if a promoter is increasing or reducing their stake, which can be a sentiment signal.