Promoter Group Entity Buys 1,22,032 Shares From Open Market, Stake Up To 2.25%
Promoter group entity Nirani Holdings Private Limited bought 1,22,032 equity shares from the open market at an average price of Rs. 458.05 per share, aggregating to Rs. 5,57,36,895.68/-.
- Shares Acquired
- 1,22,032 equity shares
- Average Price
- Rs. 458.05 per share
- Total Value
- Rs. 5,57,36,895.68
- Stake Before
- 2.11% (18,09,612 shares)
- Stake After
- 2.25% (19,31,644 shares)
What happened
A promoter group shareholder, Nirani Holdings Private Limited, disclosed a further acquisition of shares in the company from the open market.
The numbers
- Shares acquired: 1,22,032 equity shares
- Average price: Rs. 458.05 per share
- Total value: Rs. 5,57,36,895.68/-
- Holding before: 18,09,612 shares (2.11%)
- Holding after: 19,31,644 shares (2.25%)
- Mode: on market, through stock exchange; executed on NSE
How to read it
This is a continual disclosure made because a promoter group entity's shareholding changed. Buying by a promoter group entity is often read by the market as the group adding to its own stake, though the update itself states only the transaction details. The value excludes taxes, brokerage and other charges.
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More numbers
- Shares acquired1,22,032 equity shares
- Average acquisition priceRs. 458.05 per share
- Aggregate transaction valueRs. 5,57,36,895.68/-
- Stake before2.11 %
- Shares held before18,09,612 equity shares
- Stake after2.25%
- Shares held after19,31,644 Equity shares
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