The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pee Cee Synthetics Pvt Ltd
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pee Vee Synthetics Pvt. Ltd., part of the promoter group of Aarvee Denims and Exports Limited, sold its entire holding of 52,778 equity shares (0.22% of total share capital) through an off-market transaction on July 9, 2025. After this sale, Pee Vee Synthetics' holding in the company is reduced to zero, representing a complete exit by this particular promoter-group entity. The total equity share capital of Aarvee Denims remains unchanged at Rs. 23,45,98,000 (2,34,59,800 shares of Rs. 10 each).
While the stake sold is small (0.22%), this is a full exit by a promoter-group entity via off-market route, which is generally less price-sensitive than open-market selling. Retail investors should watch whether other promoter-group entities also reduce holdings, as it could indicate broader promoter sentiment.