The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Krishna Dushyant Rana & Others
PLATIND · price
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Platinum Industries Ltd has reported a disclosure under SEBI's Takeover Regulations, 2011, from two promoters following share sales on November 18, 2025. Krishna Dushyant Rana sold 50,000 shares, while Parul Krishna Rana sold 1,75,000 shares, totaling 2,25,000 shares offloaded by the promoter group. The company has submitted the required disclosure filings to both NSE and BSE. The disclosure under Regulation 29(2) is triggered when a promoter or major shareholder's voting rights change by more than 2% of the company's total shares.
This indicates promoter selling, which is typically viewed negatively by retail investors as it can signal reduced promoter confidence or profit-booking. However, the quantum sold needs to be viewed in context of total promoter holding and total share capital to assess materiality. Shareholders should monitor if further promoter sales follow.