As per Attachment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Glittek Granites Ltd has informed the stock exchange that its Promoters and Persons Acting in Concert (PAC) intend to sell 5,00,000 equity shares (5 lakh shares) through the stock exchange mechanism. This sale represents 1.92% of the company's paid-up equity capital. The disclosure is made under SEBI Listing Obligations and Disclosure Requirements Regulations, SEBI Takeover Regulations 2011, and Insider Trading Regulations 2015.
This is a promoter group sell-off of nearly 2% stake, which is generally viewed negatively by retail investors as it signals reduced promoter confidence. However, since the sale is being routed through the open market, impact on stock price will depend on demand absorption.