The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Palanivelammal K
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Palanivelammal K, a member of the promoter group of Kuberan Global Edu Solutions Ltd (BSE: 543289), sold her entire holding of 1,03,084 equity shares (4.89% of total equity) on 17th June 2025. The transaction was executed through an off-market sale. Following this disposal, her aggregate holding in the company stands at NIL, meaning she has completely exited her position. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which is triggered when a promoter group member's holding changes by more than 2% in a financial year.
A complete exit by a promoter group member through an off-market deal may raise concerns about promoter confidence and could be viewed negatively by retail investors. However, since the sale was off-market (not in the open market), there is no direct impact on the stock price from this transaction.