The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ved Prakash Agarwal
PRAKASH · price
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Awaiting price reaction for this filing.
Ved Prakash Agarwal, a promoter of Prakash Industries Ltd, purchased 12,000 equity shares from the open market on NSE on 9th June 2025. His holding rose from 22,253,398 shares (12.426%) to 22,265,398 shares (12.433%), an increase of just 0.007%. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations as his stake exceeds the 5% disclosure threshold.
The acquisition is very small and incremental, signalling continued promoter confidence but unlikely to move the stock price meaningfully. Shareholders should note the promoter's total stake remains at 12.433%, well below majority control levels.