Announced Tue, 15 Sept · 18:01 IST
Promoters of Prime Industries cut stake from 26.07% to 6.11% via open market sale
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
+15.5%1-day move
₹49.28
prior close
₹54.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+15.5+21.2+27.3———————
Up moveDown movePending
AI summary
Promoters and PACs of Prime Industries sold about 41.91 lakh equity shares (19.95 percent stake) via open market on 11 Sep 2026. Promoter holding dropped from 26.07 percent to 6.11 percent. Total equity capital is Rs 10.50 crore with 2.10 crore shares of Rs 5 each. The exit was spread across 9 promoter and PAC entities including Rajinder Kumar Singhania, Puneet Singhania, Harneesh Kaur Arora, Saintco India LLP and others.
Likely market impact
Sharp promoter exit reduces controlling stake to just 6.11 percent, likely to weigh on stock sentiment and raise corporate governance concerns.