StockWatch
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Packaged Foods
Shareholding1 Aug 2026, 06:41 pm

Satnam Singh Sells 24.78% Stake in Prabhhans Industries

AI Summary

Satnam Singh, a promoter of Prabhhans Industries Limited, has sold 15,48,277 equity shares, representing 24.78% of the total voting capital. This transaction, conducted off-market on July 31, 2026, for ₹6,24,82,400, reduces his holding to 34,997 shares (0.56%). The sale was executed as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's total share capital remains ₹6,24,82,400, comprising 62,48,240 equity shares of face value ₹10 each.

Key Highlights

  • Promoter Satnam Singh divested 24.78% stake in Prabhhans Industries.
  • Sale of 15,48,277 shares for ₹6.25 Crore via off-market transfer.
  • Post-sale promoter holding reduced to 0.56%.
  • Transaction complies with SEBI Takeover Regulations.