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, 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 2.32% (118,475 shares), and after the sale, its holding stands at nil. The total share capital of the company is 5,103,000 equity shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, and the buyer appears to be an individual, not part of the promoter group.
This represents a complete exit by one promoter entity, though the stake sold is relatively small (2.32%), so the impact on overall shareholding structure is limited. Shareholders should watch for any further promoter selling or the buyer's intent, as off-market transfers can sometimes precede further consolidation or changes in control.