The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Kunhikannan
KAYNES · price
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Awaiting price reaction for this filing.
Promoter Ramesh Kunhikannan sold 11,25,000 shares (1.76% of total equity) of Kaynes Technology India Ltd through open market on June 4, 2025. His stake reduced from 57.65% (3,69,43,633 shares) to 55.89% (3,58,18,633 shares). Despite the sale, he remains a majority promoter holder well above the 50% mark. The disclosure was filed under SEBI SAST Regulation 29(2) on June 5, 2025.
A 1.76% open market sale by a key promoter may create short-term pressure on the stock due to supply increase and negative sentiment, but his continued 55.89% holding signals long-term confidence in the company.