The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for 2015 Grover Family Trust
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The 2015 Grover Family Trust, along with PAC CMS Computers Ltd, has filed a disclosure under SEBI Takeover Regulations for a combined stake reduction in Praxis Home Retail Ltd. Their aggregate holding fell from 90,00,000 shares (4.87%) to 28,83,044 shares (1.56%), a net sale of 61,16,956 shares (3.31%) via open market on December 8, 2025. The transaction involved the Trust selling its bulk holding (approx. 90 lakh shares), partially offset by CMS Computers Ltd acquiring 32,50,000 shares and selling 3,66,956 shares. The acquirer is explicitly stated as NOT being part of the promoter/promoter group. The combined holding has now crossed below the 5% disclosure threshold.
This represents a major reduction in exposure by the Grover Family Trust in Praxis Home Retail. Since both entities (Trust and CMS Computers) are Persons Acting in Concert, this appears to be an internal reshuffle of holdings rather than a full exit by the family group. Retail investors should note that a significant shareholder has materially trimmed their position, though CMS Computers retains a 1.56% stake.