The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Aatur Mehta Niraalie Meynon
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Awaiting price reaction for this filing.
Malavika Aatur Mehta, along with PAC Niraalie Meynon (non-promoter), has sold 5,17,500 equity shares of Expo Gas Containers Ltd via open market on 06/05/2025. The sale represents 2.27% of the total share capital. As a result, their aggregate holding in the company has reduced from 28,78,636 shares (12.63%) to 23,61,136 shares (10.36%). The acquirers do not belong to the promoter or promoter group. The total equity share capital of the company remains unchanged at 2,27,96,400 shares of Rs. 4 each.
A non-promoter trimming their stake by 2.27% in the open market can be viewed as a mild negative signal, as it indicates a reduction in conviction by a sizable shareholder. However, the selling entity still retains over 10% of the company, so the overall shareholding impact is moderate.