In a significant stock market transaction, Hari Krishan Agarwal, one of the promoters of Campus Activewear Limited, has sold 50,00,000 equity shares of the company. The sale, executed via the block deal window on March 6, 2025, resulted in a reduction of his stake from 57.52% to 55.89% in the company.

The disclosure has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, ensuring transparency regarding changes in promoter shareholding.

Details of the Share Sale

Before the transaction, Hari Krishan Agarwal held 17,56,75,892 equity shares, representing 57.52% of Campus Activewear’s total issued and paid-up equity capital. Following the sale of 50 lakh shares, his holding was reduced to 17,06,75,892 equity shares, which now accounts for 55.89% of the company’s equity capital.

The block deal transaction was carried out on March 6, 2025, with intimation to the company made on March 8, 2025. The total equity capital of Campus Activewear Limited remains unchanged at 30,53,98,359 equity shares of Rs. 5 each, amounting to a total capital of Rs. 1,52,69,91,795.

Mode of Sale – Block Deal Window

The sale was executed through the block deal mechanism, a method used for large-scale transactions where a pre-arranged buy-sell order takes place between two parties at mutually agreed prices. Block deals provide liquidity to large shareholders while minimizing market disruptions.

This move by Hari Krishan Agarwal comes amid ongoing market activity in Campus Activewear Limited, which has been a key player in the sportswear and footwear industry.

Regulatory Compliance & SEBI SAST Regulations

As per SEBI SAST Regulations, any significant change in promoter shareholding must be disclosed to the stock exchanges for transparency. The transaction details have been submitted to both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE), where the shares of Campus Activewear Limited are listed.

This disclosure ensures investor awareness, preventing any speculation regarding promoter activities in the stock market. It also provides a clear record of ownership changes, helping investors assess promoter confidence in the business.

Impact on Shareholding & Market Sentiment

Following the sale, promoter holding in Campus Activewear remains strong at 55.89%, indicating continued promoter confidence despite the offloading of shares. The sale via block deal suggests that there was a pre-determined buyer, reducing the likelihood of market volatility due to excessive supply.

Conclusion

The sale of 50 lakh shares by Hari Krishan Agarwal marks a notable development in Campus Activewear’s shareholding pattern. While his stake has reduced, he remains a majority stakeholder, ensuring continued promoter control.

With strict regulatory compliance, transparent disclosures, and a strategic execution via block deal, this transaction reflects a well-planned movement in Campus Activewear’s stock market dynamics. Investors will now closely watch the stock for any further market impact or promoter activity in the coming months.

The Upcoming IPOs in this week and coming weeks are Super Iron Foundry, Paradeep Parivahan, Divine Hira Jewellers.

The Current active IPO is PDP Shipping & Projects.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.