The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rita Haresh Mehta
MEDICO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rita Haresh Mehta, a promoter of Medico Remedies Ltd, sold 1,50,000 equity shares in the open market on 19th June 2025. This reduced her holding from 68,28,000 shares (8.22% of voting capital) to 66,78,000 shares (8.04%). The transaction was carried out on the NSE, and the disclosure lists five other persons acting in concert (PAC), all part of the promoter/promoter group. Total equity capital of the company remained unchanged at 8,29,84,000 shares of Rs. 2 each.
This is a small stake sale (about 0.18% of the company's equity) by an individual promoter, so it is unlikely to materially affect the share price or overall promoter control. Retail investors may note that promoters are gradually trimming holdings, but the change in ownership is minor.