StockWatch
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Shareholding7 Oct 2026, 06:20 pm

Prima Innovation Promoter Sells 34.9 Lakh Shares (31.73%)

AI Summary

Prima Innovation Ltd announced that Mr. Dilip Manharlal Parekh, a Promoter, has sold 34,89,760 equity shares, representing 31.73% of the company's total shareholding. The sale was an off-market transaction conducted with Mr. Bhaskar Manharlal Parekh, also a Promoter. This transaction was executed pursuant to proviso (i) to Regulation 4(1) of the Insider Trading Regulations. The disclosure was made under Regulation 4(1) and Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Key Highlights

  • Promoter Dilip Manharlal Parekh sold 34,89,760 shares.
  • The sale represents 31.73% of the company's total shareholding.
  • The transaction was an off-market sale to Promoter Bhaskar Manharlal Parekh.
  • Disclosure made under SEBI Insider Trading Regulations.
  • This is a significant change in promoter shareholding.