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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Awaiting price reaction for this filing.
Hemant Bahri, a promoter of Croissance Ltd, has sold 12,00,000 equity shares (face value Rs. 1) on 26 November 2025, which represents 1.75% of the company's voting share capital. Following this sale, his individual holding in the company has decreased from 9.12% (62,50,000 shares) to 7.37% (50,50,000 shares), a drop of 1.75 percentage points. The disclosure was filed with BSE on 27 November 2025 in the prescribed SAST format. The mode of sale is indicated as open market. Note: some figures in the disclosed format appear inconsistent, likely due to OCR/typographical issues, but the key transaction details are clear.
Promoter stake sales are typically viewed as a cautious or mildly negative signal by retail investors, as they may suggest the promoter is reducing exposure. However, a 1.75% sale by a single promoter is a moderate move and unlikely by itself to trigger a sharp price reaction; investors should watch for further promoter selling or any accompanying negative news.