Promoter Agrawal to acquire 8 million shares in family transfer
GALLANTT · 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 its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Santosh Kumar Agrawal plans to acquire 8,000,000 shares from promoter group member Dinesh R. Agarwal. The shares represent 3.316% of Gallantt Ispat capital, based on the annexure. The transfer may occur after four working days, is exempt from an open offer, and will not change the promoter group's 97.464% holding. The 60-day NSE VWAP was INR 598.45.
This only reallocates shares within the promoter group, leaving total promoter ownership and voting control unchanged, so the direct price impact is likely limited.