The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhudas Gondalia & PACs
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Prabhudas Mohanbhai Gondalia, along with persons acting in concert (PACs) belonging to the promoter group of Prashant India Limited, has disclosed a disposal of equity shares by way of gift dated 13th June 2025 to BSE under Regulation 29(2) of SEBI SAST Regulations, 2011. The promoter group's aggregate equity holding dropped from roughly 24.16% (10,23,544 shares) to about 18.16% (7,69,524 shares) out of the company's total paid-up equity capital of 42,35,443 shares of Rs. 10 each — a reduction of around 6 percentage points. Because it is a gift, no monetary consideration changed hands, and the shares have moved within related family members/PACs.
This is a non-cash, intra-family transfer that reduces the named promoter's stake but likely keeps effective control within the promoter group, so it should not materially impact the stock price. Retail investors should watch whether the recipient of the gift remains part of the promoter group, which determines if any takeover-trigger thresholds are affected.