The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kuldip Singh Rathee
ASKAUTOLTD · price
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Awaiting price reaction for this filing.
Kuldip Singh Rathee, a promoter of ASK Automotive Limited, has sold 78,85,704 equity shares (4.00% of paid-up capital) through the open market on 25 November 2025. His shareholding has decreased from 34.18% (6,73,89,312 shares) to 30.18% (5,95,03,608 shares). The total share capital of the company remains unchanged at 19,71,42,600 equity shares of Rs. 2 each. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A 4% open-market sale by a promoter is a notable negative signal and may exert short-term pressure on the stock. However, the promoter still retains a significant 30.18% stake, indicating continued skin in the game.