The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rita Arora
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Awaiting price reaction for this filing.
Rita Arora, part of the promoter/promoter group of Aarvee Denims and Exports Limited, sold her entire direct voting stake of 3,59,316 equity shares (1.53% of paid-up capital) through an off-market transaction dated 09/04/2025. Before the sale, she held 5,15,420 shares (2.20% of the company); after the sale, her direct holding is nil, with only 1,56,104 encumbered shares (0.67%) remaining. The company has a total equity share capital of 2,34,59,800 shares of Rs. 10 each (Rs. 23.46 crore). The off-market nature suggests this could be an inter-se transfer among promoter group entities rather than a market exit.
This is a relatively small stake sale by a single promoter family member, so the direct impact on the stock price is limited. However, since it was done off-market, retail investors should watch for any related party disclosures or further promoter group restructuring announcements to understand whether this is a routine internal transfer or a broader reduction in promoter interest.