The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Mehta
MASTEK · price
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Ketan Mehta, a promoter of Mastek Ltd, has gifted 30,000 equity shares (0.10% of the company) to a trust without any consideration in an off-market transaction on March 28, 2025. This was disclosed under Regulation 29(2) of the SEBI Takeover Regulations. After this transfer, his holding in Mastek stands at 22,14,100 shares, representing 7.15% of the total share capital and 7.06% of the diluted share capital, down marginally from 7.25% earlier. No encumbrance (pledge) changes were reported, and the total share capital of Mastek remains at 3,09,39,894 equity shares.
This is a very small, non-cash transfer (gift) of shares by a promoter to a trust and is unlikely to have any meaningful impact on the stock price or shareholder value. It reflects personal estate/wealth planning by the promoter rather than a change in business outlook.