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 disclosed under SEBI SAST Regulation 29(2) that he gifted/donated 30,000 equity shares (0.10% of total share capital) to a trust on March 28, 2025 in off-market mode without any consideration. His holding reduces from 22,44,100 shares (7.25%) to 22,14,100 shares (7.15%) of the company. The transaction was a gift rather than a market sale, so no money changed hands. The shares transferred represent only a marginal reduction in his promoter stake.
This is a minor, non-cash transfer of shares from one promoter to a trust, with negligible impact on overall promoter holding or share price. Shareholders should note the shares moved to a trust, which may have implications for promoter-group consolidation, but the 0.10% size means no material dilution or shift in control.