Non-promoter Pine View cuts Adishakti Loha stake to 4.07%
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pine View Portfolio Consultants (not a promoter) sold 5.4 lakh shares of Adishakti Loha and Ispat via open market on 27 and 28 July 2026. Its stake fell from 8.36 percent to 4.07 percent, crossing below the 5 percent disclosure mark and triggering this Reg 29(2) SAST filing.
Non-promoter selling below 5 percent eases overhang but may signal weak confidence from this holder.