Biyani family promoters seek reclassification to Public category
PRAXIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
About 17 members of the Biyani family and promoter group entities of Praxis Home Retail have applied to be reclassified from the Promoter to the Public category under SEBI rules. Together they hold roughly 13.4 million shares, about 7.2 percent of the company. This is a revised disclosure of an earlier filing from June 2025 that had omitted the detailed list. No shares are being sold; only the category label of existing holdings will change if the exchanges and SEBI approve.
If approved, promoter holding will fall to near zero and public float will rise by about 7 percent, which may improve liquidity and reduce promoter influence.