The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VAB Ventures Ltd
PRUDMOULI · price
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Prudential Sugar Corporation Ltd informed the exchanges that it received a disclosure from VAB Ventures Ltd, one of its promoters, regarding the sale of 2,70,000 equity shares (face value Rs. 10 each) through the open market on 24 September 2025. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, along with Form C under SEBI (PIT) Regulations, 2015. VAB Ventures Ltd has confirmed the sale in a separate letter to BSE and NSE, signed by authorized signatory Vinod Kumar Baid. The filing has been submitted to BSE, NSE, and Calcutta Stock Exchange for record purposes.
A promoter offloading shares in the open market may be viewed negatively by retail investors as it could signal a lack of promoter confidence, potentially putting short-term pressure on the stock price. However, without details on the post-sale holding percentage, the full impact on promoter control and shareholder sentiment remains to be seen.