The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harish K Bhatt & PACs
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Mr. Harish K. Bhatt, along with persons acting in concert (PACs), has sold 2,05,000 equity shares (3.68%) of Pratiksha Chemicals Ltd in the open market on 21 July 2025. The transaction reduced the combined promoter group holding from 29.84% (16,62,139 shares) to 26.16% (14,57,139 shares). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. The company's total equity share capital remains unchanged at 55,70,340 shares of Rs. 10 each.
A promoter stake sale of this size (over 3.5%) in the open market is typically viewed as a negative signal by retail investors, as it suggests reduced promoter confidence or a need to monetize holdings. The stock may see short-term pressure due to increased supply, though the promoter group still retains a significant 26.16% stake in the company.