The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Boman Rustom Irani
RUSTOMJEE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Boman Rustom Irani of Keystone Realtors sold 22,88,000 equity shares (1.81% of voting capital) on October 15-16, 2025 through a stock exchange Offer for Sale (OFS) mechanism. Before the sale, he held 4,78,72,460 shares (37.94%) and after the sale his holding stands at 4,55,84,460 shares (36.13%). The OFS was originally announced for up to 45,76,000 shares (3.63%), but only 1.81% was ultimately allotted based on valid bids received from non-retail, retail and employee investors. The promoter remains below the 50% threshold post-sale.
This is a promoter-led secondary share sale, which can create short-term supply pressure on the stock, though only 1.81% was actually sold versus the 3.63% proposed. The promoter's reduced stake (still at 36.13%) signals some dilution of promoter holding but does not indicate loss of control.