disclosure under regulation 29 (2) of sebi (sast) regulation, 2011
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Deepika Jain, part of the promoter group of Rajasthan Tube Manufacturing Company, sold 2,10,432 equity shares (4.66% of total share capital) through an off-market transaction on 6 May 2025. Before the sale, she held 4,42,528 shares (9.82%), and after the disposal her holding reduced to 2,32,096 shares (5.15%). The disclosure was filed under SEBI SAST Regulation 29(2) by the company after receiving it from the seller. The transaction involved no encumbrance changes and no voting rights were acquired/sold through instruments other than shares. The total share capital of the company remains unchanged at 45,078,000 shares.
Promoter group's effective stake has nearly halved (from 9.82% to 5.15%), signalling a notable promoter exit that could weigh on investor sentiment despite being an off-market transaction.