The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chhaya Gaurang Shah
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Mrs. Chhaya Gaurang Shah, part of the promoter group of Shree Krishna Infrastructure Ltd, sold 2,00,000 equity shares (1.82% of total share capital) through the open market on 25 April 2025. Her holding declined from 18,20,000 shares (16.54%) to 16,20,000 shares (14.72%) post the sale. The company has 1,10,00,000 total equity shares of face value Rs. 10 each, and the shares are listed on BSE. The disclosure is filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
A promoter offloading shares in the open market is typically viewed as a negative signal by retail investors, as it may indicate reduced promoter confidence in the near-term stock price. However, the sale size is relatively small (1.82%), and the promoter still retains a meaningful 14.72% stake in the company.