The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Surenderpal Singh Saluja & Others
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The promoter and promoter group of Premier Energies Limited sold 2,41,29,527 equity shares (5.33% of paid-up capital) via open market on 25 May 2026. The sale reduced their holding from 63.94% (28,96,26,031 shares) to 58.61% (26,54,96,504 shares). Individual sellers included Surenderpal Singh Saluja, Manjeet Kaur Saluja, Charandeep Singh Saluja, and Jasveen Kaur Saluja along with Saluja Trust and other related entities. Total share capital remained unchanged at 45,29,94,368 shares. No encumbrances, pledges, or convertible instruments were involved in the transaction.
Promoter holding fell below 59%, marking a notable reduction in promoter skin in the game. Combined with the 5.33% stake sold in a single open market transaction, this may signal reduced promoter confidence or a shift in shareholder structure, which could be viewed negatively by market participants.