The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dheeraj Shah
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Dheeraj Shah, classified as a promoter of Esaar (India) Limited, has sold his entire holding of 6,34,688 equity shares (3.10% of the company's share capital) through an off-market transaction on 08.12.2025. The sale was executed pursuant to a Share Purchase Agreement (SPA) dated 14.02.2025. After this transaction, the promoter's holding in the company has gone to zero shares (0%). The company's total equity share capital remains unchanged at 2,04,42,500 shares of Rs. 10 face value. This is a Reg 29(2) SAST disclosure filed with BSE, indicating the acquirer's post-deal holding has crossed/breached disclosure thresholds.
A complete promoter exit of 3.10% via a private off-market deal may be viewed negatively by retail investors as it reduces promoter skin-in-the-game. However, since it was a pre-agreed SPA-based transfer (not an open-market dump), the immediate stock price impact may be limited.