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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Awaiting price reaction for this filing.
Umesh Vasantlal Modi, the Promoter and Managing Director of Jupiter Infomedia Limited, has sold 1,00,000 equity shares (1.00% of the company's paid-up capital) through a Share Purchase Agreement dated April 9, 2025. His stake in the company has decreased from 29,15,000 shares (29.09%) to 28,15,000 shares (28.09%). The disclosure was filed under SEBI's Takeover Regulations and Insider Trading Regulations. The total equity share capital of the company remains unchanged at Rs. 10.02 crore divided into 1,00,20,000 equity shares of Rs. 10 each.
This is a modest 1% stake reduction by the promoter, bringing his holding to 28.09%. Such a small open-market-like transaction via SPA is unlikely to materially impact the stock price, though it may be viewed as a mild negative signal by some investors regarding promoter confidence at the margin.