The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Arora
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Rajesh Arora, a member of the promoter group of Aarvee Denims and Exports Limited, has sold his entire holding of 2,48,416 equity shares, representing 1.67% of the company's total share capital. The transaction was an off-market sale executed on 9 July 2025, disclosed under SEBI's Regulation 29(2) of the Takeover Regulations. Before the sale, he held 2,48,816 shares (1.67%); after the sale, his holding stands at zero. The disclosure was filed with both BSE and NSE on 11 July 2025.
A promoter completely exiting his stake via off-market sale can be a negative signal, suggesting the insider sees limited near-term upside or is redeploying capital elsewhere. Retail investors should monitor whether the buyer is a known entity or another promoter, as off-market transfers to unrelated parties often raise governance concerns.