The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanakavally Prathapan
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Awaiting price reaction for this filing.
Kanakavally Prathapan, a member of the promoter and promoter group of TTI Enterprise Ltd, sold all 25,04,101 equity shares (9.86% of total share capital) on 4 February 2026 through a disclosure filed under Regulation 29(2) of the SEBI Takeover Regulations. The transaction was executed on BSE. Post-sale, her holding stands at 0.00%, marking a complete exit from the company. The total equity share capital of the company is 2,54,04,422 shares of Rs. 10 each. No pledge, encumbrance, or derivative activity is associated with this filing.
This is a significant negative signal — a member of the promoter group has fully exited with no residual holding, which may erode retail investor confidence and weigh on the stock price. Investors should monitor for any further disclosures from other promoter group members and any corporate developments that prompted this exit.