The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VAB Ventures Ltd
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VAB Ventures Ltd, a promoter-group entity, has sold 3,00,000 equity shares of Prudential Sugar Corporation Ltd on 17 September 2025 through open market transactions. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which is triggered when a promoter or promoter-group entity's shareholding changes by 2% or more. The company has stated that no laws or rules were contravened in effecting the transaction. Form C under SEBI (PIT) Regulations, 2015 has also been enclosed.
This indicates a meaningful reduction in promoter-group shareholding in Prudential Sugar Corporation, which retail investors typically view as a mildly negative signal, as it may suggest the promoter is booking profits or trimming exposure. Shareholders should monitor further disclosures to track the promoter's residual holding and overall holding pattern.