BSEMaxgrow India LtdHighNegative
Announced Wed, 29 Jul, 2026 · 18:15 IST
Promoter group sells 3.04% stake in Maxgrow India via off-market deal
Price reaction
Awaiting price reaction for this filing.
AI summary
Promoter group entities Metal Industrial Pte Limited and Sadhana Uday Chourasia sold 11,25,514 equity shares (3.04%) of Maxgrow India Limited on 28 July 2026 via off-market transfer. Post-sale, promoter holding stands at 3,59,50,558 shares or 89.78 percent, down from 92.82 percent earlier. Total share capital of the company remains 3,99,45,065 shares.
Likely market impact
Off-market promoter sale cuts holding from 92.82 percent to 89.78 percent. Stake still very high; no takeover trigger risk.