Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
International Data Management Ltd has received a request from Apollo Trading & Finance Private Limited, a member of its promoter group, seeking reclassification to the 'Public' shareholder category. Apollo Trading & Finance holds 38,220 equity shares (1.74%) in the company and states it does not exercise any direct or indirect control over the company's affairs. The request cites Apollo's shareholding being below 15% and its fulfilment of all conditions under SEBI's Regulation 31A for reclassification. The request will now be placed before the company's Board at its next meeting for consideration.
If approved by the Board and stock exchanges, the total promoter group shareholding in International Data Management Ltd will reduce by 1.74%, with Apollo's stake moving into the public category. This is a governance-related event with minor impact on shareholding structure and is unlikely to materially affect the stock price.