Promoter Reclassification5 May 2026, 01:34 pm
Reganto: Vistara Network Seeks Reclassification to Public
AI Summary
Reganto Enterprises Ltd has received a request from Vistara Network Private Limited, a promoter holding 15.61% (2,28,40,544 shares), to be reclassified from 'Promoter' to 'Public' category. Vistara Network cites their lack of involvement in management and day-to-day operations as the reason. The reclassification is subject to board, shareholder, and stock exchange approval as per SEBI regulations.
Key Highlights
- Vistara Network holds 15.61% of Reganto Enterprises.
- Vistara Network requests reclassification due to non-participation in management.
- Reclassification is subject to regulatory and shareholder approvals.
- Vistara Network confirms meeting regulatory conditions for reclassification.
Price Impact
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