The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Babulal Shah
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Awaiting price reaction for this filing.
Ketan Babulal Shah, along with Person Acting in Concert (PAC) Jeet Ketan Shah, sold 13,63,493 equity shares (1.25% of paid-up capital) of KBS India Ltd on the floor of the stock exchange on 8th October 2025. Prior to the sale, they held 1,01,91,506 shares (9.41%); post-sale, their holding stands reduced to 88,28,013 shares (8.16%). The disclosure explicitly clarifies that the seller does NOT belong to the Promoter/Promoter Group category. The transaction was carried out in the open market.
This is a non-promoter offloading shares worth 1.25% of the company, reducing their stake from 9.41% to 8.16%. Since the seller is not part of the promoter group, this is unlikely to be perceived negatively by retail investors, though it signals continued selling pressure from this shareholder who remains above the 5% substantial shareholder threshold.