Promoter Dina Chetan Shah disposes 7.01% stake via off-market transfer
ASHAPURMIN · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.7 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter group member Dina Chetan Shah has disclosed disposal of 66,96,379 equity shares (7.01%) of Ashapura Minechem via off-market transaction without consideration. Purpose is succession planning within promoter family under a SEBI exemption order. Her holding fell from 9.63% (92,02,360 shares) to 2.62% (25,05,981 shares).
Intra-promoter family reshuffle at no cost. No cash outflow or inflow. Watch for matching disclosure from the transferee.