The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Penmetsa Narasimha Raju
NCLIND · price
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Awaiting price reaction for this filing.
Penmetsa Narasimha Raju, a member of the promoter group of NCL Industries Limited, sold 150,000 equity shares (0.33% of total share capital) through the open market on June 2 and June 3, 2025. The sale was disclosed to BSE and NSE under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. Following this transaction, his individual holding in the company reduced from 514,545 shares (1.14%) to 364,545 shares (0.81%). The total share capital of NCL Industries remains at Rs.45.23 crore comprising 4.52 crore equity shares of Rs.10 each.
This is a small stake reduction by an individual promoter group member and is unlikely to materially affect the stock price or shareholder sentiment. It is a routine compliance filing and does not indicate any significant shift in promoter confidence or control of the company.