The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Chopdar
AZAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.5 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rakesh Chopdar, the Promoter, Chairman and CEO of Azad Engineering Limited, sold 31,67,702 equity shares (4.90% of total share capital) through a bulk deal on NSE on June 6, 2025. His stake dropped from 59.35% (3,83,30,255 shares) to 54.44% (3,51,62,553 shares). The disclosure was filed under SEBI's Takeover Regulations. Despite the sale, the promoter continues to hold a majority stake above 50%.
A 4.90% promoter sale in a single bulk deal is a significant divestment and may weigh negatively on stock sentiment in the short term. However, the promoter retains majority control at 54.44%, so there is no threat to management or change-of-control implications.