The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandramouleeswaran Krishnan
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Chandramouleeswaran Krishnan, a promoter of Kuberan Global Edu Solutions Ltd, has sold his entire holding of 9,65,221 equity shares (45.82% of the company's equity) through an off-market transaction on 11 June 2025. After this sale, his aggregate holding in the company stands at NIL, meaning he has fully exited as a promoter. The total equity share capital of the company is 21,06,536 shares of Rs. 10 each. This is a complete promoter exit via a single off-market deal, not a gradual open-market sale.
A complete promoter exit of nearly half the company's equity through a single off-market block deal is a significant negative signal for retail investors. It raises questions about the promoter's confidence in the business and could put downward pressure on the stock price, though it may also attract a new strategic investor taking over the stake.