The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jay Kunjibihari Shah & PACs
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Jay Kunjibihari Shah along with PACs. This regulation requires disclosure when an acquirer's aggregate holding (along with PACs) changes by more than 2% between the previous and current disclosure thresholds (5%, 10%, etc.). The filing signals a change in shareholding that crosses a regulatory reporting threshold. The actual document page returned an error, so the direction of the transaction (acquisition or disposal), number of shares, and resulting shareholding percentage are not available in the provided content.
Without the actual disclosure details, the exact impact on the stock is unclear. Reg 29(2) filings from promoters/PACs indicate meaningful shareholding movements that investors should track, as they may reflect changes in promoter confidence or changes in the promoter group's equity stake.