Paras Defence and Space Technologies Limited has informed the Exchange regarding Disclosure under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
PARAS · price
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Awaiting price reaction for this filing.
Five insiders of Paras Defence sold a total of 15,50,943 equity shares (about 3.85% of total capital) in open market transactions on May 19, 2025, to global and domestic marquee funds. The largest seller was promoter Sharad Virji Shah, who offloaded 9,00,000 shares, bringing his holding down from 18.05% to 15.82%. Promoter group members Kaajal Harsh Bhansali and Anish Hemant Mehta each sold about 2.17 lakh shares, reducing their individual holdings to 2.99% each. Whole-Time Director Shilpa Amit Mahajan and Director (Technical & R&D) Amit Navin Mahajan each sold around 1.08 lakh shares, taking their individual stakes to 1.47%. The total equity share capital of the company remains unchanged at 4,02,93,665 shares.
This is a significant insider sale event with the lead promoter reducing his stake by over 2 percentage points, which may be viewed negatively by retail investors in the short term. However, the fact that marquee global and domestic funds are buying could provide some comfort, suggesting institutional interest in the stock at current levels.