Announced Tue, 30 Jun · 12:03 IST
Former promoter Umesh Modi sells remaining 2.37% stake in open market
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
-4.3%1-day move
₹60.40
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.3-5.9-2.8-6.7-6.5-8.1-9.7———
Up moveDown movePending
AI summary
Former promoter Umesh Vasantlal Modi sold his entire remaining 2,37,872 shares (2.37% of equity capital) of Jupiter Infomedia in the open market on June 29, 2026, bringing his holding to zero. He stated he had earlier sold majority shareholding to new acquirers via an open offer and is no longer a promoter, director, or in control. Filed under SEBI Takeover Regulations 29(2) and Insider Trading Regulations 7(3).
Likely market impact
Former promoter fully exits; new acquirers already in control via open offer. Removes any residual selling overhang from outgoing promoter Umesh Modi.