The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Praveen Bhatia
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Praveen Bhatia, a promoter of Pro Clb Global Ltd, has sold his entire holding of 5,000 equity shares (0.09% of the company's share capital) to Mr. Niraj Nirmal Chamaria through an off-market transaction on 06.06.2025. Before the sale, he held 5,000 shares (0.09%), and after the sale, his holding stands at 0 shares (0.00%). The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's total equity share capital is 51,03,000 shares of Rs. 10 each. This is a complete exit by the promoter from his stake in the company.
While the stake sold is very small (0.09%), it signals a complete exit by a named promoter from the company, which may raise minor governance concerns among retail investors. However, the negligible size means limited direct impact on share price or shareholder value.