The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Naveen Chopra
PRIMO · price
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Naveen Chopra, a non-promoter shareholder of Primo Chemicals Ltd, sold 25,00,000 equity shares (1.03% of total share capital) through the open market on 28 November 2025. Before the sale, he held 4,25,00,000 shares (17.54% of the company); after the sale, his holding stands at 4,00,00,000 shares (16.51%). The shares were sold on BSE and NSE at prevailing market prices and rank pari-passu with existing equity shares. The company's total equity share capital remains unchanged at Rs. 48.46 crore (24.23 crore shares of Rs. 2 each).
A reduction in holding by a large non-promoter shareholder by over 1% in a single day could exert mild short-term supply pressure on the stock. However, since the seller is not part of the promoter group, this does not affect promoter control or signal any corporate governance concern.