The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tarun Dhir
RAMASTEEL · price
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tarun Dhir, a partner of M/s Arun Enterprises and part of the promoter group of Rama Steel Tubes Ltd, sold 2,00,00,000 equity shares (1.22% of total share capital) through the open market on 23 March 2026. His holding reduced from 7,79,66,575 shares (4.77%) to 5,79,66,575 shares (3.54%). The sale was disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, filed with both NSE and BSE. Total equity share capital of the company remained unchanged at Rs. 1,63,60,40,979 (16.36 crore shares of Re. 1 each).
This is a notable open-market sale by a promoter group entity, which may be viewed negatively by retail investors as it signals a reduction in promoter skin-in-the-game. A 1.22% stake sale in a single day through the open market could create short-term selling pressure on the stock.