The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Apax Trust & Nikhil Chaturvedi
PROZONER · price
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Awaiting price reaction for this filing.
BSE has received a continual disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Apax Trust and Nikhil Chaturvedi, who are part of the promoter/promoter group of Prozone Realty Ltd. This regulation requires shareholders holding 5% or more to disclose acquisitions or disposals of 2% or more of the company's shares in a quarter. Nikhil Chaturvedi is the Managing Director of the company. The headline does not specify the direction of the transaction (purchase or sale), the exact number of shares, or the change in percentage holding.
The filing signals insider-level activity by promoter-group entities, but without the quantum or direction of the trade, the effect on shareholding pattern and the stock is unclear. Retail investors should look for the full disclosure details to know whether the promoter group is adding to or trimming its stake in Prozone Realty.