NewsCorporate ActionsPrabhhans Industries' Promoter Satnam Singh Reduces Stake by 3.05% Through Open Market SalesPrabhhans Industries' Promoter Satnam Singh Reduces Stake by 3.05% Through Open Market Sales
Satnam Singh, Managing Director and promoter of Prabhhans Industries Limited, has sold 190,537 shares in the open market, reducing his stake from 55.78% to 52.74%. The transactions occurred over three dates in August, with share prices ranging from ₹74.70 to ₹77.85. Despite the reduction, Singh remains the majority shareholder in the company, which has a total equity share capital of ₹6,24,82,400.
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Satnam Singh, Managing Director and promoter of Prabhhans Industries Limited, has reduced his stake in the company through a series of open market transactions. The sales resulted in a 3.05% reduction in Singh's shareholding.
Transaction Details
Singh sold a total of 1,90,537 shares, with the following breakdown:
| Date | Shares Sold | Price (₹) |
|---|---|---|
| August 4 | 75,000 | 77.85 |
| August 25 | 45,000 | 74.70 |
| August 26 | 70,537 | 77.14 |
Impact on Shareholding
As a result of these sales, Satnam Singh's shareholding in Prabhhans Industries Limited has decreased from 55.78% to 52.74%. Despite this reduction, Singh remains the majority shareholder.
Company Overview
Prabhhans Industries Limited has a total equity share capital of ₹6,24,82,400, divided into 62,48,240 equity shares of ₹10 each.
Regulatory Compliance
Such transactions are typically reported in compliance with SEBI regulations, including disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Historical Stock Returns for Prabhhans Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.68% | +2.36% | -8.99% | -42.35% | +15.59% | +101.66% |
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