The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alok Kumar & Others
SALASAR · price
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Awaiting price reaction for this filing.
The promoter group of Salasar Techno Engineering (Alok Kumar, Shikhar Gupta, Base Engineering LLP, Kamlesh Gupta, Tripti Gupta, Shikhar Fabtech Pvt. Ltd., and Alok Kumar HUF) filed a disclosure under SEBI SAST Regulations for an open market sale of shares. The aggregate promoter group holding declined from 16.34% to 13.01% (a reduction of about 3.33%). The largest individual sellers were Alok Kumar (0.81%) and Base Engineering LLP (0.80%), while Alok Kumar HUF exited completely, going from 0.09% to nil. The 2% disclosure threshold was triggered on 21st March 2025.
A sustained sell-down by the promoter group exceeding 3% in aggregate is generally viewed as a negative signal, as it may indicate reduced promoter confidence or profit-booking, which can weigh on stock sentiment.