Promoter group member Mrinaal Mittal sells 2.99% stake in Bansal Wire

Promoter Stake Sell 1pctOwnership Changes View source PDF

BANSALWIRE · 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

+5.7%1-day move

₹335.00

prior close

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base price

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timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+5.7+2.4+8.2+8.1+5.9-2.4+1.0———

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AI summary

Mrinaal Mittal, a member of the promoter group of Bansal Wire Industries, sold 46,82,916 equity shares (2.99% of paid-up capital) through an off-market transaction on 25 June 2026. His stake dropped from 4.07% (63,70,000 shares) to 1.08% (16,87,084 shares). The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations.

Likely market impact

Promoter group stake reduction may weaken investor confidence; sizeable off-market sale worth roughly 46.8 lakh shares could weigh on sentiment.