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 118,475 equity shares (2.32% of share capital) to Mr. Amrit Nirmal Chamaria through an off-market transaction on March 29, 2025. The sale cuts the HUF's holding from 4.64% (236,950 shares) to 2.32% (118,475 shares). The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's total equity share capital remains 51,03,000 shares of Rs. 10 each.
Since the buyer (Mr. Amrit Nirmal Chamaria) is identified as a Person Acting in Concert and part of the promoter group, this is essentially an inter-se transfer within the promoter family rather than a promoter stake leaving the company — neutral to negative perception depending on market interpretation.