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, an existing shareholder in Prudential Sugar Corporation Ltd, has sold 3,00,000 (three lakh) equity shares of the company through the open market on 16-09-2025. The transaction was disclosed to BSE and NSE under Regulation 29(2) of SEBI (SAST) Regulations, 2011, read with Form C under Regulation 7 of SEBI (PIT) Regulations, 2015. The disclosure indicates VAB Ventures' aggregate shareholding in Prudential Sugar has crossed a disclosable threshold, likely linked to the 5% shareholding trigger under SAST. No details on the pre- and post-transaction shareholding percentage, total shares outstanding, or VAB Ventures' promoter/non-promoter status were provided in the letter.
A 3,00,000-share sale through the market is small in absolute terms and likely represents a routine regulatory disclosure rather than a major stake change; investors should monitor further filings to determine the percentage change in holding and whether VAB Ventures is a promoter-group entity, as that would indicate promoter trimming.