The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemant Bahri
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Hemant Bahri, classified as a promoter of Croissance Ltd, filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for selling 3,25,003 equity shares (face value Re. 1) in the open market on 10 December 2025. The shares sold represent 0.47% of the company's total paid-up equity capital of 6,85,48,000 shares. As per the disclosure, his holding has dropped sharply from 14.99% to 4.52% — a cumulative reduction of around 10.47 percentage points, suggesting this is part of a series of promoter exits over time. The transaction was executed on the BSE through the open market route.
A promoter cutting stake by roughly 10 percentage points is generally viewed as a negative signal, suggesting reduced confidence from the insider. Existing shareholders should watch for further disclosures to see if more promoter selling follows.