Announced Tue, 15 Sept · 14:50 IST
Promoters slash stake in Prime Industries from 26% to 6% in 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
+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
Promoters and PACs of Prime Industries sold 41,91,600 equity shares (19.95% of capital) on Sept 11, 2026, via open market and off-market transactions. Combined promoter holding dropped sharply from 26.07% to just 6.11%, effectively a near-complete exit. The company has 2.10 crore equity shares of Rs.5 each. Key sellers include Rajinder Kumar Singhania, Harneesh Kaur Arora, and Puneet Singhania.
Likely market impact
Near-complete promoter exit may raise governance concerns and weigh heavily on stock sentiment and investor confidence.