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Awaiting price reaction for this filing.
Rajasthan Tube Manufacturing Company informed the exchange that a director, Chanchal, acquired 2,10,000 equity shares (4.66% of the company) through an off-market transaction on 5 May 2025. The total transaction value was approximately Rs. 1.84 crore, implying a price of around Rs. 88 per share. Chanchal did not hold any shares in the company before this purchase, so her holding has gone from zero to 4.66%. The disclosure was filed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and was forwarded to the exchange by Managing Director Harish Chand Jain.
A director picking up a 4.66% stake through an off-market deal is generally read as a sign of insider confidence in the company. Since this was Chanchal's first purchase and the deal was off-market, it does not affect the daily traded volume on the exchange, but retail investors may view it as a positive long-term signal.