The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaiprakash D Chiripal
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Mr. Jaiprakash Chiripal, along with PAC group members Ronak B Chiripal and Savitridevi V Chiripal (part of the promoter group), sold a total of 20,00,000 equity shares (1.24%) of Shanti Educational Initiatives Ltd on 18 November 2025 through open market. Before the sale, the PAC group collectively held 1,81,10,621 shares (11.25%); after the sale, their holding dropped to 1,61,10,621 shares (10.01%). Individually, Ronak B Chiripal sold 5 lakh shares (0.31%), Jaiprakash D Chiripal sold 7.5 lakh shares (0.47%), and Savitridevi V Chiripal sold 7.5 lakh shares (0.47%). No encumbrance (pledge) activity is reported.
The promoter group's open market sale of 1.24% stake signals some trimming of holdings by the promoter family. The reduction brings their aggregate stake down to just above 10%, which may be mildly negative sentiment for retail investors but the quantum is small and the sale was orderly via open market.