The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anil Punglia
VPRPL · price
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Anil Punglia, a member of the promoter group of Vishnu Prakash R Punglia Ltd, sold 5,00,000 shares (0.40% of total share capital) through an open market transaction on 10-03-2026. His stake in the company dropped from 38,00,000 shares (3.05%) to 33,00,000 shares (2.65%). The company has a total equity share capital of 12,46,44,000 shares. The reason cited for the sale is to generate liquidity for intended infusion of funds into the company.
Although the quantum sold is small, the sale by a promoter group member could be viewed as a mild negative signal by the market. However, the stated purpose of raising funds to invest back into the company may offset some of the negative sentiment.