The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pristine Property Management Pvt Ltd
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Pristine Property Management Pvt Ltd, part of the promoter group of White Hall Commercial Company Ltd, has sold its entire holding of 1,44,910 equity shares (58.20% of the company) through an off-market transaction on 18th August 2025 pursuant to a Share Purchase Agreement. After the sale, the seller's holding in the company drops to zero, resulting in a complete exit by the existing promoter entity. The buyer/acquirer is not named in this disclosure — only the seller has filed under SEBI (SAST) Regulation 29(2). The total equity share capital of the company remains 2,49,000 shares of Rs. 10 each. This effectively amounts to a change of control at the listed company, with the identity of the new controlling shareholder yet to be disclosed in this filing.
This is a significant event for shareholders — the existing promoter is completely exiting the company, which means a new entity will take control of 58.20% of White Hall Commercial Company. Retail investors should watch for the acquirer's identity and any consequent mandatory open offer, which would typically be triggered by an acquisition of this size under SEBI takeover rules. The stock could see volatility once the buyer's details emerge.