The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhat Management Services Pvt Ltd
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Awaiting price reaction for this filing.
Prabhat Management Services Private Limited, part of the promoter group of Filmcity Media Ltd, sold its entire stake of 9,90,000 equity shares (3.24% of paid-up capital) on March 06, 2026, via an off-market transaction. Before the sale, it held 9,90,000 shares (3.24%); after the sale, its holding stands at NIL (0%). This effectively means a complete exit of this promoter group entity from the company. The total equity share capital of Filmcity Media remains 3,05,70,969 shares of face value Rs 1 each, unchanged.
A promoter-group entity has completely exited the company, which may raise concerns among retail investors about promoter confidence in the business. The off-market nature of the deal means the share price was not directly affected on the exchange, but the signal of a full promoter-group exit is negative for sentiment.