The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Praveen Bhatia HUF
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Praveen Bhatia HUF, classified as a promoter of Pro Clb Global Ltd, has sold its entire holding of 118,475 equity shares (2.32% of share capital) to Mr. Niraj Nirmal Chamaria through an off-market transaction on 29 March 2025. Before the sale, the HUF held 118,475 shares (2.32%); after the sale, its holding stands at zero. The total equity share capital of the company is 51,03,000 shares of Rs. 10 each, which remains unchanged. This is a complete exit by the promoter HUF from the company, with the shares transferred to a non-promoter individual buyer.
A complete exit by a promoter entity, even at a small 2.32% holding, signals loss of confidence or a need to monetize holdings, which retail investors may view as a negative signal. However, since the stake was small and transferred off-market to a single buyer, the impact on stock price may be limited unless it triggers broader concerns about the promoter group.