The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tarun Dhir (Partner of Arun Enterprises)
RAMASTEEL · price
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Rama Steel Tubes Ltd has filed a disclosure under SEBI Takeover Regulations regarding a sale of equity shares by Tarun Dhir, a partner of Arun Enterprises, which is part of the promoter group. The promoter group entity sold 75,20,000 equity shares (0.46% of total share capital) through the open market on March 5, 2026. Following this sale, the promoter group's holding has decreased from 8,84,86,575 shares (5.41%) to 8,09,66,575 shares (4.95%). The total share capital of the company remains unchanged at 16,36,04,979 equity shares of face value Rs. 1 each. This is a routine open-market sale disclosure filed under Regulation 29(2).
While the sale size is small (under 0.5% of equity), continued open-market selling by promoter group entities can be viewed negatively by retail investors as it may signal reduced promoter confidence or an exit trend. Investors should watch for further such disclosures to gauge overall promoter intent.