StockWatch
·
Packaged Foods
Shareholding1 Aug 2026, 06:11 pm

Satnam Singh Sells 24.78% Stake in Prabhhans Industries

AI Summary

Satnam Singh, a promoter, has disclosed the sale of 15,48,277 equity shares, representing 24.78% of the total share capital, in Prabhhans Industries Limited. The transaction, valued at ₹6,24,82,400, was conducted off-market. Following the sale, Satnam Singh's holding in the company has reduced to 34,997 shares, accounting for 0.56% of the total share capital. The disclosure was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoter Satnam Singh sold 24.78% stake in Prabhhans Industries.
  • Sale of 15,48,277 shares for ₹6.25 Crore.
  • Post-sale, promoter holding reduced to 0.56%.
  • Transaction was an off-market transfer.
  • Disclosure filed under SEBI Takeover Regulations.