The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rima Arora & PACs
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Rima Arora, a member of the Promoter Group of HB Estate Developers Ltd, acquired 100 equity shares through an open market purchase on September 8, 2025. Before the transaction, Rima Arora personally held 3,52,137 shares (1.59% of total equity), and together with Persons Acting in Concert (PACs), the promoter group's combined holding stood at 1,54,48,149 shares (69.56% of total equity / 67.28% of diluted voting capital). After the acquisition, Rima Arora's personal holding rose marginally to 3,52,237 shares, while the total promoter group holding went to 1,54,48,249 shares — effectively unchanged at 69.56%. The move is purely token in nature, with no change in PAC holdings and no encumbrance creation or release.
This is a routine, negligible open-market purchase by a promoter group member and has no material impact on shareholding pattern, control, or stock price. Investors should note the promoter group already holds a dominant 69.56% stake, and no threshold-related concern arises from this 100-share acquisition.