The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Modi
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Umesh Vasantlal Modi, Promoter and Managing Director of Jupiter Infomedia Limited, has sold 4,00,000 equity shares (3.99% of total share capital) through the open market on March 24, 2026. Before the sale, he held 18,27,872 shares (18.24%); after the sale, his holding stands at 14,27,872 shares (14.25%). The disposal was disclosed under SEBI SAST Regulation 29(2) and Insider Trading Regulation 7(2). The company's total equity capital remains unchanged at 1,00,20,000 shares of Rs 10 each.
A promoter selling nearly 4% of the company in the open market is a negative signal and may put short-term pressure on the stock price, as it typically signals reduced promoter confidence or a need to raise personal funds. Existing shareholders should monitor further promoter activity closely.