Announced Fri, 27 Mar · 12:27 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Modi

Promoter Stake Sell 1pctPromoter Below 50pctOwnership Changes View source PDF

Price

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▲ 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

-0.6%1-day move

₹51.28

prior close

₹53.60

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0-1.6-0.6+4.3+9.2+12.1+14.7+24.8+51.6+30.7+22.5+17.8

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AI summary

Umesh Vasantlal Modi, Promoter and Managing Director of Jupiter Infomedia Limited, sold 6,00,000 equity shares (5.99% of total share capital) in the open market on March 25, 2026. Before the sale, he held 12,77,872 shares (12.75%); after the sale, his holding stands reduced to 6,77,872 shares (6.76%). The disclosure was filed under SEBI Takeover Regulations and Insider Trading Regulations. The company's total equity capital remains unchanged at 1,00,20,000 shares of Rs 10 each.

Likely market impact

This is a significant promoter stake reduction of nearly half his earlier holding, which may be viewed negatively by retail investors as it signals the promoter is exiting a meaningful portion of his position. It could create short-term selling pressure on the stock, though the promoter still retains a 6.76% stake.