The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mangal Bhanshali
PRAXIS · price
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mangal Bhanshali, a non-promoter shareholder of Praxis Home Retail Ltd, has sold 9,33,092 shares (0.69% of voting capital) in the open market between April 4, 2025 and June 20, 2025. His total holding has come down from 1,84,80,586 shares (13.67%) to 1,75,47,494 shares (12.98%) of the company's voting capital. The shares were sold on both BSE and NSE. The total equity share capital of the company remains 13,52,18,184 shares.
This is a minor stake reduction (less than 1%) by a non-promoter investor, so it is unlikely to materially affect the stock price or signal any major change in confidence. Retail shareholders need not be concerned as Bhanshali continues to hold nearly 13% of the company.