The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kusumben Modi
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Kusumben Vasantlal Modi, a member of the promoter group of Jupiter Infomedia Ltd, has disclosed a sale of 7,80,000 equity shares (7.78% of the company's share capital) under Regulation 29(2) of SEBI's Takeover Regulations. Her holding in the company has reduced from 9,50,000 shares (9.48%) to 1,70,000 shares (1.70%). The transaction was carried out on March 9, 2026. The company has a total equity share capital of Rs. 10.02 crore divided into 1,00,20,000 equity shares of Rs. 10 each, listed on BSE. The disclosure was filed simultaneously under the Insider Trading Regulations as well.
This is a significant promoter group sell-off, with a single insider offloading nearly 82% of her earlier stake. Such a large disposal may be viewed negatively by the market in the short term as it reduces promoter skin in the game, though it could also improve trading liquidity.