Promoter sells 55,00,000 shares (1.9663%) in open market
Promoter Bina Kishore Chhabria sold 55,00,000 equity shares (1.9663%) in the open market on September 23, 2026.
By ScoutQuest · · 1 min read
- Shares Sold
- 55,00,000 equity shares
- Stake Percentage Sold
- 1.9663%
- Promoter Holding Before
- 16,27,97,774 shares (58.20%)
- Promoter Holding After
- 15,72,97,774 shares (56.23%)
- Total Promoter & PAC Holding After
- 22,08,20,072 shares (78.94%)
What was shared
Promoter Bina Kishore Chhabria made a disclosure under Regulation 29(2) of the SEBI Takeover Regulations reporting a sale of shares of the company.
The transaction
- Shares sold: 55,00,000 equity shares
- Stake sold: 1.9663% of total and diluted share capital
- Mode: open market
- Date of sale: September 23, 2026
Holding before and after
- Bina Kishore Chhabria before: 16,27,97,774 shares (58.20%)
- Bina Kishore Chhabria after: 15,72,97,774 shares (56.23%)
- Other promoters and persons acting in concert: 6,35,22,298 shares (22.71%), unchanged
- Total promoter group before: 22,63,20,072 shares (80.91%)
- Total promoter group after: 22,08,20,072 shares (78.94%)
The update states the sale was carried out in accordance with the relevant SEBI circulars on such sales, and was intimated within 2 working days of closure of the transaction.
How to read it
A promoter reducing stake is watched closely by investors, though promoter and PAC holding remains high at 78.94%. The company's issued capital is unchanged, so this is a transfer of existing shares rather than any new issuance.
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More numbers
- Shares sold55,00,000
- Stake sold1.9663%
- Seller holding before (shares)16,27,97,774
- Seller holding before (%)58.20%
- Seller holding after (shares)15,72,97,774
- Seller holding after (%)56.23
- Other promoters & PAC holding6,35,22,298
- Other promoters & PAC (%)22.71 %
- Total promoter group before (shares)22,63,20,072
- Total promoter group before (%)80.91
- Total promoter group after (shares)22,08,20,072
- Total promoter group after (%)78.94%
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