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, sold 1,18,475 equity shares representing 2.32% of the company's share capital to Mr. Amrit Nirmal Chamaria through an off-market transaction on 29 March 2025. The filing was made under Regulation 29(2) of SEBI's SAST Regulations, 2011 to disclose this change in shareholding. After the sale, the HUF's holding in the company has reduced from 2,36,950 shares (4.64%) to 1,18,475 shares (2.32%). The total equity share capital of the company remains 51,03,000 shares of Rs. 10 each. The buyer, Mr. Amrit Nirmal Chamaria, has not been identified as a promoter in this disclosure.
A promoter has reduced their stake by nearly half (from 4.64% to 2.32%), which may be viewed negatively by retail investors as it signals the promoter is exiting or reducing exposure in the company. The off-market nature of the deal means no market price impact, but overall promoter confidence in the stock may be questioned.