Announced Thu, 16 Jul · 19:16 IST
Promoter Madanlal Garg gifts 4.18 lakh shares to immediate relative
Ownership Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+20.7%1-day move
₹7.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+20.7+20.0+15.6+20.7+26.8+21.7————
Up moveDown movePending
AI summary
Mr. Madanlal Garg, promoter of Indong Tea Company, transferred 4,18,488 equity shares (about 2.10 percent) to Hariram Garg, an immediate relative, as a gift through an off-market transaction on July 13, 2026. His individual holding fell from 2.115 percent (4,22,488 shares) to 0.02 percent (4,000 shares). Total promoter group shareholding remains unchanged since this is an inter-family transfer within the promoter group.
Likely market impact
Neutral for shareholders. Total promoter stake is unchanged, so there is no material impact on the stock or minority holders.