The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nitu Pungalia
VPRPL · price
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Nitu Punglia, a member of the promoter group of Vishnu Prakash R Punglia Ltd, sold 5,95,000 equity shares (0.477% of total share capital) in the open market on 11-03-2026. The sale was disclosed under SEBI SAST Regulation 29(2). Her holding fell from 15,00,000 shares (1.203%) to 9,05,000 shares (0.726%) post-sale. The total equity share capital of the company is 12,46,44,000 shares of Rs 10 each. The stated reason for the sale is to generate liquidity for intended infusion of funds into the company.
The stake sale by a promoter group member may be viewed negatively by the market in the short term as a small overhang, though the stated intent to reinvest proceeds into the company could provide some comfort to shareholders. The quantum of sale is small (under 0.5% of capital), limiting any major impact on the stock.