The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayant Dwarkanath
INTENTECH · price
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Mr. Jayant Dwarkanath, a whole-time director of Intense Technologies Ltd (not part of the promoter group), sold 4,00,000 equity shares (1.70% of total share capital and 1.65% of diluted share capital) through the open market on January 29, 2025. The sale was disclosed under Regulation 29(2) of the SEBI Takeover Regulations, 2011. Prior to the transaction, he held 4,85,201 shares (2.06%); after the sale, his holding reduced sharply to just 85,201 shares (0.36%), meaning he sold roughly 82% of his personal stake.
Although the seller is a key managerial person (whole-time director) and not a promoter, the significant reduction in his personal holding — over 80% of his shares sold in a single transaction — may be viewed negatively by retail investors as it could signal waning personal confidence, though regulatory-wise no takeover threshold is triggered.