The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradeep Kumar Jain HUF & Others
PNCINFRA · price
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Three promoter group HUFs — Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF — have transferred a combined 1,96,08,000 equity shares (about 7.64% of paid-up capital) off-market to four individual promoter group members — Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain. The transfer is being done pursuant to the partition (split) of the three HUFs, where the transferred shares are going to the respective Karta's family members. Importantly, the total promoter and promoter group shareholding remains unchanged at 56.07% both before and after the transaction — this is purely an internal reshuffle, with no change in overall promoter ownership or control of the company. No shares are being encumbered, pledged, or sold to non-promoters.
No material impact for outside shareholders — promoter families are just reshuffling shares among themselves due to an HUF partition, and the aggregate promoter stake stays at 56.07%. The stock price is unlikely to react since there is no change in promoter control or voting power.