disclosure under regulation 7 (2) of the SEBI ( Prohibition of Insider Trading ) Regulation, 2015
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Rajasthan Tube Manufacturing Company Ltd informed BSE that promoter Pradeep Jain has sold 16,20,000 equity shares through an off-market transaction on 26 May 2025. Before the sale, Pradeep Jain held 32,16,330 shares (7.14% stake) in the company. After the sale, his holding reduced to 15,96,330 shares, representing 3.55% of the company's equity. This is a reduction of approximately 3.59 percentage points in the promoter's stake via an off-market deal, and the disclosure was filed under SEBI's insider trading regulations for continual disclosure.
This is a significant promoter sell-down, with the promoter's stake dropping from 7.14% to 3.55% — roughly halving his holding. Retail investors may view this negatively as it could signal reduced promoter confidence or a need to exit, though it was an off-market transaction which may suggest a private deal rather than open-market selling pressure.