The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ranbir Singh
GNA · price
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Ranbir Singh, Managing Director and Promoter of GNA Axles, has increased his shareholding in the company through open market purchases between March 25 and March 28, 2025. He acquired 138,153 equity shares, raising his stake from 36.01% (1,54,61,236 shares) to 36.34% (1,55,99,389 shares). The disclosure was filed on March 31, 2025, under SEBI SAST Regulation 29(2) and PIT Regulation 7(2). The total equity share capital of the company stands at 4,29,30,800 shares.
A promoter buying shares in the open market is generally viewed as a positive signal, reflecting management's confidence in the company's prospects. However, the increase is modest at just 0.32%, so the direct impact on share price may be limited.