The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Arora
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajesh Arora, a member of the promoter group of Aarvee Denims and Exports Limited, has sold his entire holding of 2,48,816 equity shares (1.67% of the company) through an off-market transaction on July 9, 2025. The disclosure was filed under SEBI's SAST Regulation 29(2) on July 11, 2025. After this sale, Rajesh Arora holds zero shares in the company, meaning he has completely exited his promoter-level stake. The company's total equity capital remains unchanged at 2.34 crore shares of Rs. 10 each.
A complete exit by a promoter-group member, even at a modest 1.67%, can be viewed negatively by the market as it signals loss of insider confidence. Retail investors should watch for further disclosures to see if other promoter-group members are also reducing stakes, which could indicate broader promoter disengagement.