The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hiten Shah
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hiten Nemchand Shah (acquirer) and Hiten Nemchand Shah HUF (PAC) filed a Regulation 29(2) disclosure regarding share disposal. Before the transaction, Hiten Shah held 1,70,601 shares (4.97%) and the HUF held 42,012 shares (1.22%), totaling 6.19% of Kuber Udyog Ltd. Following the sale, Hiten Shah's holding reduced to 61,998 shares (1.81%), while the HUF retained 42,012 shares (1.22%). The combined holding after sale is 1,04,010 shares (3.03%). The sales were executed in open market between 16 April 2026 and 28 April 2026. The acquirer is not part of the promoter/promoter group.
This is a sale by a non-promoter shareholder reducing their stake from ~5% to ~1.8%, which may indicate profit-taking or reduced confidence in the stock. The disposal of approximately 3.16% stake is significant but does not trigger open offer obligations as the seller is not a promoter.