The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradeep Jain
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Pradeep Jain, identified as a member of the promoter group of Rajasthan Tube Manufacturing Company Ltd, has sold 16,20,000 equity shares (3.59% of total share capital) in the open market on 26 May 2025. Before the sale, he held 32,16,330 shares (7.14%); after the sale, his holding stands at 15,96,330 shares (3.55%). The disposal was carried out through an open market transaction, and the disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. No encumbrance (pledge/lien) details were applicable before or after the transaction. The company's total equity share capital remains at 4,50,78,000 shares.
A promoter cutting his stake by nearly half in the open market is generally viewed as a cautious-to-negative signal, as it may reflect liquidity needs or reduced near-term confidence, and could exert short-term pressure on the stock price.