News Companies Brilliant Properties Reduces Stake in Parle Industries by 3.49% Through Open Market SaleBrilliant Properties Reduces Stake in Parle Industries by 3.49% Through Open Market Sale
Brilliant Properties Pvt. Ltd. sold 17,01,313 equity shares (3.49%) of Parle Industries Limited through open market transactions from March 5-13, 2026. The sale reduced Brilliant Properties' shareholding from 16.40% to 12.92%. The disclosure was made under SEBI regulations for substantial acquisition of shares, with the transaction conducted on BSE Limited.
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Brilliant Properties Pvt. Ltd. has announced a significant reduction in its shareholding in Parle Industries Limited through open market transactions conducted between March 5-13, 2026. The company disclosed the sale of 17,01,313 equity shares, representing 3.49% of the total shareholding, under SEBI's substantial acquisition disclosure requirements.
Transaction Details
The share disposal was executed through open market transactions on stock exchanges over a nine-day period. The transaction details are summarized below:
| Parameter: | Details |
|---|---|
| Shares Sold: | 17,01,313 equity shares |
| Percentage Sold: | 3.49% |
| Transaction Period: | March 5-13, 2026 |
| Mode of Sale: | Open Market |
| Stock Exchange: | BSE Limited |
Shareholding Changes
The transaction has resulted in a substantial change in Brilliant Properties' ownership position in Parle Industries. The company's holding has been reduced from 16.40% to 12.92% following the completion of the sale.
| Holding Period: | Number of Shares | Percentage Holding |
|---|---|---|
| Before Sale: | 80,04,313 | 16.40% |
| Shares Sold: | 17,01,313 | 3.49% |
| After Sale: | 63,03,000 | 12.92% |
Company Information
Parle Industries Limited maintains its equity share capital structure unchanged following this transaction. The company's capital structure details include:
| Parameter: | Details |
|---|---|
| Total Equity Shares: | 4,88,00,000 shares |
| Face Value per Share: | Rs. 10/- |
| Total Equity Capital: | Rs. 48,80,00,000/- |
| BSE Scrip Code: | 532911 |
Regulatory Compliance
The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Brilliant Properties confirmed that it does not belong to the promoter or promoter group of Parle Industries Limited. The company filed the required disclosure on March 14, 2026, following the completion of the share sale transactions.
The transaction represents a strategic divestment by Brilliant Properties, reducing its significant minority stake in Parle Industries while maintaining a substantial 12.92% holding in the company.
Historical Stock Returns for Parle Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.63% | -19.31% | -40.72% | -49.11% | -67.92% | -50.48% |
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