Promoter and Co-Chairperson sells 55,00,000 equity shares in open market; stake down to 56.23%
Promoter sale disclosed.
By ScoutQuest · · 1 min read
- Shares Sold
- 55,00,000 equity shares
- Transaction Value
- Rs. 357,59,41,050
- Holding Before
- 16,27,97,774 shares (58.20%)
- Holding After
- 15,72,97,774 shares (56.23%)
- Sale Date
- September 23, 2026
What was shared
The company has submitted a continual disclosure received from a promoter under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Such disclosures are required when a promoter, director or designated person's shareholding changes beyond the prescribed threshold.
Who sold
Mrs. Bina Kishore Chhabria, described in the update as Promoter and Shareholder, Co-Chairperson - Non-Executive Director of the company.
The transaction
- Shares sold: 55,00,000 equity shares
- Value of transaction: Rs. 357,59,41,050 (excludes taxes, brokerage and other charges)
- Date of sale: September 23, 2026
- Mode: on market, executed on BSE
Shareholding change
- Before the sale: 16,27,97,774 equity shares, being 58.20%
- After the sale: 15,72,97,774 equity shares, being 56.23%
So the promoter's stake reduced by about two percentage points, and she continues to hold a majority of the company's equity.
How investors may read it
A sale of shares by a promoter who is also on the board is watched closely, since it changes the promoter's economic exposure to the company. Here the shares were sold through the open market rather than to an identified buyer, so the shares move to public shareholders. The promoter group's controlling position remains, with the holding still above 56%.
This update is a statutory disclosure of an already completed trade; it does not itself involve any decision by the company, any use of company funds, or any change to the company's operations or capital structure.
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More numbers
- Equity shares sold55,00,000 Equity Shares
- Value of transactionRs. 357,59,41,050/
- Shares held before sale16,27,97,774 Equity Shares
- Shareholding before sale58.20%
- Shares held after sale15,72,97,774 Equity Shares
- Shareholding after sale56.23%
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