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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Awaiting price reaction for this filing.
VAB Ventures Ltd, part of the promoter group of Prudential Sugar Corporation, has sold 2,70,000 equity shares of the company through the open market on September 24, 2025. The disclosure has been filed with BSE and NSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which is triggered when a promoter group's shareholding changes. The exact pre- and post-sale shareholding percentage is not disclosed in this intimation but the related Form C (Reg 29(1) and (2)) is enclosed with the letter.
This is a promoter-group entity trimming its stake in Prudential Sugar Corporation, which retail investors generally view as a mild negative signal as it reduces promoter skin in the game. Watch for any further sales or any clarification from the company on the reasons behind the divestment.