The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devi Prasad Chowdhary HUF
Awaiting price reaction for this filing.
Devi Prasad Chowdhary HUF, a non-promoter shareholder, sold 4,045 shares (2.02%) of Peoples Investments Ltd in the open market between 03-Oct-2024 and 30-Jun-2025. The holding dropped from 15,095 shares (7.55%) to 11,050 shares (5.53%) of the company's equity. The total share capital of the company is 2,00,000 shares. The transaction was a straightforward open market disposal, and the seller is confirmed not to be part of the promoter or promoter group.
This is a relatively small disposal by a non-promoter entity, so the direct impact on the stock is likely limited. Retail investors should note that a non-promoter shareholder has trimmed their stake, but the scale is modest and unlikely to materially affect price discovery or control dynamics.