The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhaktavartsala Rao Doppalapudi
PRIVISCL · price
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Mr. Bhaktavatsala Rao Doppalapudi, Promoter and Executive Director of Privi Speciality Chemicals, sold 7,00,000 equity shares (1.79% of total share capital) through the open market on June 19, 2025. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations. His personal holding fell from 15,48,202 shares (3.96%) to 8,48,202 shares (2.17%) after the sale. The total share capital of the company stands at 3,90,62,706 equity shares. The transaction represents a significant personal stake reduction by a promoter and executive director.
Promoter selling in the open market is generally viewed negatively by retail investors as it may signal reduced insider confidence or personal liquidity needs. The stock could face short-term pressure, though this is the individual's personal holding and does not necessarily reflect the promoter group's overall stance.