Landsmill Green Limited: Promoter Substantial Acquisition Disclosure under SEBI Regulation 29(2)
The company informed NSE of a promoter disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. This regulation mandates disclosure when a person acquires shares such that their shareholding crosses prescribed thresholds (5%, 10%, 15%, 20%, 25%, etc.). The NSE filing (SAST.pdf format) is a standard regulatory disclosure; the absence of a concurrent open offer or regulatory order suggests either a threshold crossing below the 25% open-offer trigger, or an exempt category (e.g., promoter consolidation, inheritance, or scheme approval).
Why it mattersRegulation 29(2) disclosures flagged under SAST Regs 2011 require verification of whether the acquisition crosses the 25% threshold triggering full open offer obligations or comprises exempt consolidations; the filing stage and absence of public offer announcement suggests either threshold monitoring or an exempt transaction structure.
Sector—
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Sources
- NSE Archives · official
- SEBI Official - SAST Regulations 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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