The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRK Enterprises Pvt Ltd
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 1.0 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RRK Enterprise Private Limited, part of the promoter group of MIC Electronics Ltd, sold 50,50,939 equity shares (2.09% of total share capital) in the open market between August 13, 2025 and September 24, 2025. Before the sale, the promoter entity held 13,07,75,034 shares (54.26%); after the sale, holding reduced to 12,57,24,095 shares (52.17%). The transaction was disclosed under SEBI SAST Regulation 29(2). Despite the reduction, the promoter group continues to hold a majority stake above 50%.
Promoter trimming their stake in the open market can signal a mild negative sentiment, but since the promoter group retains a 52.17% majority, control of the company is unaffected. Retail investors may watch for further promoter selling to gauge conviction levels.