The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Aatur Mehta
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Malavika Aatur Mehta (along with PAC Niraali E Meynن) has sold 6,21,364 equity shares (2.73% of paid-up capital) of Expo Gas Containers Ltd through open market transactions on 24 April 2025. As a result, her holding in the company has come down from 35,00,000 shares (15.36%) to 28,78,636 shares (12.63%). The acquirer is classified as a non-promoter and the disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. The total equity share capital of the company stood at 2,27,96,400 shares of Rs. 4 each, unchanged after the transaction.
A non-promoter reducing stake by nearly 3% in the open market may be viewed negatively by retail investors, as it can indicate the seller's weaker conviction in the stock at current levels. However, no impact on promoter holding or total share capital has occurred.