DISCLOSURE UNDER SEBI (PIT) REGULATION , 2015
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Awaiting price reaction for this filing.
Promoter and Director Saurabh Jain sold 2,10,000 equity shares (4.66%) of Rajasthan Tube Manufacturing Company Ltd via an off-market transaction dated 8 May 2025, for a total value of Rs 1.84 crore. His shareholding fell from 3,18,822 shares (7.07%) to 1,08,822 shares (2.41%). The disclosure was filed under SEBI's Prohibition of Insider Trading Regulations, 2015. The company informed BSE about receiving the disclosure on 9 May 2025.
This is a notable reduction in promoter stake, with the seller's holding cut to roughly one-third of what it was, which may be viewed negatively by retail investors as a signal of reduced promoter confidence. However, since this is an off-market deal (likely to a known buyer), the impact on stock price may be limited.