The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Santosh Kumar Saraswat
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BSE has received a disclosure from Santosh Kumar Saraswat under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation requires promoters and persons acting in concert to disclose changes in their shareholding of 1% or more in the company. The exact nature of the transaction (acquisition or disposal) and the quantum of shares involved are not detailed in the available announcement. Further details from the full disclosure would be needed to understand the direction and size of the stake change.
This is a routine regulatory disclosure by an individual likely connected to the promoter group. The actual impact on the stock depends on whether the change is a buy or sell and the size of the movement, which is not specified in this announcement. Retail investors should look for the detailed disclosure form for clarity.