Announced Wed, 24 Jun · 13:07 IST
Promoter group member to sell up to 2.99 percent stake in open market
BANSALWIRE · price
▲ 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
-1.3%1-day move
₹319.00
prior close
₹315.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.2+0.1+0.1-1.3+5.0+6.6+11.0+7.6+13.5-0.9+0.7——
Up moveDown movePending
AI summary
Bansal Wire Industries promoter group member Mrinaal Mittal plans to sell up to 2.99 percent equity (46,82,916 shares of Rs 5 face value) in the open market. Purpose is to help the company meet the minimum 25 percent public shareholding rule under SEBI norms. Current promoter group holding is 77.99 percent (12,20,99,880 shares). Sale will happen between June 25 and August 31, 2026, in one or more tranches. Promoters have undertaken not to buy shares on sale dates.
Likely market impact
Possible short-term selling pressure as 2.99 percent promoter stake hits the market over June to August 2026. Helps meet public shareholding norms.