Announced Thu, 25 Jun · 14:03 IST
Promoter Samir Shah raises stake in Medico Intercontinental by 1.37%
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹29.32
prior close
₹29.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+1.0-1.5+4.0+4.7-0.7-2.6+1.5-1.3-10.1-8.8——
Up moveDown movePending
AI summary
Managing Director and Promoter Samir Dilipkumar Shah bought 1,36,886 equity shares of Medico Intercontinental Ltd through open market purchases between June 3 and June 24, 2026. His individual holding rose from 46.40% to 47.78%. The promoter groups combined holding, including Samir and six persons acting in concert, increased from 59.11% to 60.48% of the equity share capital. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations.
Likely market impact
Promoter buying signals confidence in the company; higher promoter stake (60.48%) reduces free float and is generally viewed positively by investors.