The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd
PARSVNATH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IDBI Trusteeship Services Ltd (ITSL), acting as Debenture Trustee and Share Pledge Trustee on behalf of debenture holders, sold 88,90,984 equity shares (2.04% of total share capital) of Parsvnath Developers Ltd in the open market through stock exchanges. The shares had been pledged by promoter group entities — Mr. Pradeep Jain, Mr. Pradeep Kumar Jain, Pradeep Kumar Jain & Sons HUF, and Parasnath and Associates Pvt Ltd — to secure debentures issued by the company. ITSL's holding reduced from 7.26% (3,15,79,549 shares) to 5.22% (2,26,88,565 shares) after this sale. The sale was carried out between July 17, 2025 and December 22, 2025 following events of default and instructions from debenture holders to recover outstanding dues. This is the third such sale-related disclosure, following the pledge invocation on 06.12.2024 and earlier share sale disclosures on 30.01.2025 and 17.07.2025.
Negative for shareholders — this is a forced sale of promoter-pledged shares due to the company's loan default, signalling financial distress and adding supply pressure on the stock. Continued pledge enforcement suggests unresolved debt issues at the company level.