Announced Tue, 15 Sept · 14:50 IST
Promoter group sells 19.95 percent stake, holding drops to 6.11 percent
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
+21.0%1-day move
₹44.80
prior close
₹49.28
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——+0.0+0.0+21.0+27.0+33.4+40.0——————
Up moveDown movePending
AI summary
On 11 Sep 2026, the promoter group and persons acting in concert of Prime Industries sold 41,91,600 equity shares (19.95 percent of capital) via open market. Combined promoter holding fell sharply from 26.07 percent (54,75,894 shares) to just 6.11 percent (12,84,294 shares). Filed under SEBI SAST Regulation 29(2).
Likely market impact
Major promoter exit cuts stake from 26.07 percent to 6.11 percent, likely negative for stock sentiment and signals reduced promoter confidence.