The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Krishna Shastri Chidella
INTENTECH · price
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Mr. Krishna Shastri Chidella, Promoter and Managing Director of Intense Technologies Limited, sold 3,50,000 equity shares in the open market on October 28, 2025. The shares represent 1.48% of the company's total share capital and 1.44% of its diluted share capital. His stake in the company reduced from 25,28,592 shares (10.42%) to 21,78,592 shares (8.94%) after the sale. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011. No encumbered shares, warrants, or convertible securities were involved in the transaction.
A promoter selling shares in the open market is generally viewed cautiously by retail investors as it may signal reduced promoter confidence or personal liquidity needs. The post-sale holding of 8.94% means the promoter is no longer required to make further disclosures for small incremental changes, but continued selling could put downward pressure on the stock sentiment.