The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepika Jain
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Deepika Jain, a member of the promoter group of Rajasthan Tube Manufacturing Company Ltd, has sold 210,432 equity shares (4.66% of total share capital) through an off-market deal on 6th May 2025. This is a regulatory disclosure under SEBI's Takeover Regulations, reporting that her stake in the company fell from 9.82% (4,42,528 shares) to 5.15% (2,32,096 shares). The transaction was done off-market, meaning it was a private deal rather than on the open exchange. The share capital of the company remained unchanged at 4,50,78,000 shares.
A nearly 50% reduction in a promoter's individual holding may signal weakening promoter confidence or personal liquidity needs. Since the sale was off-market, there is no direct price impact on the stock, but retail investors may view the sizable promoter exit as a negative sentiment indicator.