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, has sold 4,00,000 equity shares (3.99% of total share capital) through the open market on March 24, 2026. His holding in the company dropped from 18,27,872 shares (18.24%) to 14,27,872 shares (14.25%) following the transaction. The disclosure has been filed under SEBI (SAST) Regulations 29(2) and Insider Trading Regulations 7(2). The total equity share capital of the company remains 1,00,20,000 shares of Rs 10 each (Rs 10.02 crore). This is a significant open market sale by a key insider in a single transaction.
Promoter selling nearly 4% stake in the open market is generally viewed as a negative signal, suggesting reduced insider confidence or a need for liquidity. With the promoter stake falling to 14.25%, the stock may see pressure on price, and investors should watch for any further disclosures or changes in promoter holding.