The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhusar Algotech Pvt Ltd & PACs
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Awaiting price reaction for this filing.
Prabhusar Algotech Private Limited along with persons acting in concert (PACs) Pramod Kumar Jain and Vinita Jain have filed a disclosure under SEBI's takeover regulations regarding their shareholding changes in Purshottam Investofin Limited. The seller explicitly states it does NOT belong to the promoter or promoter group. Through a series of open market and off-market transactions between February 2025 and February 2026, the combined entity net disposed of roughly 412,843 shares, representing about 5.55% of the company's equity capital. Post-transaction, their aggregate holding has dropped to approximately 1.21% of the company. The total equity share capital of the company remains unchanged at Rs. 7.42 crore (74.23 lakh shares of Rs. 10 each).
Since the seller is a non-promoter entity offloading over 5% of the company, retail investors should note this as potential supply overhang in the stock. However, the disposal has already occurred over the past year, so much of the selling pressure may already be absorbed by the market.