SAST DISCLOSURE
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Awaiting price reaction for this filing.
Rajasthan Tube Manufacturing Company has disclosed a Regulation 29(2) SAST filing for promoter group member Saurabh Jain, who sold 2,10,000 equity shares (4.66% of total share capital) via an off-market transaction on 8th May 2025. Before the sale, Saurabh Jain held 3,18,822 shares (7.07%); after the sale, his holding stands at 1,08,822 shares (2.41%). The total share capital of the company is 4,50,78,000 equity shares. The disposal was reported through the company secretary to BSE on 9th May 2025.
A promoter-group member cutting his stake from 7.07% to 2.41% via an off-market deal may raise concerns about promoter conviction and could exert mild negative pressure on sentiment, though off-market transactions sometimes indicate private negotiated transfers rather than open-market exits.