Delhi, January 29, 2025 – In a significant transaction, Parveen Aggarwal, a Euro Asia Exports Limited promoter, has divested his entire 10.74% stake, amounting to 168,500 shares, in the company. The transaction was executed through a Shares Purchase Agreement (SPA) at a price of ₹20.31 per share on January 27, 2025.
Key Details of the Transaction
- Stock Exchange: BSE Limited
- Number of Shares Sold: 168,500
- Transaction Price: ₹20.31 per share
- Total Equity Share Capital Before Sale: ₹1,56,88,000 (15,68,800 equity shares of ₹10 each)
- Total Equity Share Capital After Sale: ₹1,56,88,000 (15,68,800 equity shares of ₹10 each)
- Mode of Sale: Transfer through SPA
Impact on Shareholding Structure
Following this divestment, Parveen Aggarwal no longer holds any shares or voting rights in the company. The sale does not involve encumbrance, pledging, or warrant conversion, meaning the promoter’s stake is wholly offloaded.Regulatory Filings & Compliance
This transaction was reported under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulatory filing confirms that the total equity capital did not change after the transaction and that the company's diluted share capital did not impact it.Market Implications
The sale of a significant promoter holding may influence investor sentiment regarding Euro Asia Exports Limited. While the transaction was executed at market value, the long-term impact on stock performance remains to be seen.This development marks a crucial shift in the company’s ownership structure, with potential implications for future strategic direction and governance.