Announced Fri, 19 Jun · 17:22 IST

Promoter group sells 4.1 lakh shares, holding falls to 29.96%

Promoter Stake Sell 1pctPromoter Below 50pctOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+8.4%1-day move
₹13.41
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+8.4+1.6-12.4-3.8-8.9-0.8-3.4-10.4
Up moveDown movePending
AI summary

Kiran Mittal and Rukmani Devi Mittal from the promoter group sold a combined 4,10,000 equity shares of Adishakti Loha and Ispat through open market on June 15 and 16, 2026. Kiran Mittal sold 1,50,000 shares on June 16, while Rukmani Devi Mittal sold 10,000 shares on June 15 and 2,50,000 shares on June 16. Combined promoter group holding fell from 33.23 percent (41,68,000 shares) to 29.96 percent (37,58,000 shares). The company has total equity capital of 1,25,58,000 shares of Rs 10 each.

Likely market impact

Open market sale by promoters may signal weak confidence or a liquidity need. Group still holds about 30 percent, but watch for further sales.