Disclosure under Regulation 29(2) of SEBI (SAST) Regulation, 2011 for Prabhat Capital Investments Limited
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Prabhat Capital Investments Limited, a promoter entity of Esaar (India) Limited, has acquired 6,34,688 equity shares (3.10%) of the company through an off-market Share Purchase Agreement dated 14.02.2025. The acquisition, completed on 08.12.2025, raised the promoter's holding in Esaar from 2,21,548 shares (1.08%) to 8,56,236 shares (4.19%). Esaar's total equity share capital remains unchanged at 2,04,42,500 shares of Rs. 10 face value. The disclosure is filed under Regulation 29(2) of SEBI's Takeover Regulations.
This shows promoter confidence and consolidation of stake in Esaar. The off-market nature means the move was a private negotiated deal rather than a market-driven buy, and the promoter's voting power has nearly quadrupled, though still at a modest 4.19% level.