The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Charanjit Lal Dhir, Arun Dhir, Tarun Dhir & ....
RAMASTEEL · price
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Awaiting price reaction for this filing.
Four members of the promoter group — Charanjit Lal Dhir, Arun Dhir, Tarun Dhir, and Tarun Dhir as Partner of M/s Arun Enterprises — sold a combined 76,81,200 equity shares (about 0.49% of total capital) through the open market between August 21 and August 26, 2025. Arun Dhir and Tarun Dhir (individual) completely exited their personal holdings, while Charanjit Lal Dhir and the Arun Enterprises partnership partially trimmed their stakes. As a result, the combined promoter group holding in Rama Steel Tubes dropped from 47.84% to 47.35%, remaining below the 50% majority threshold. The sale was purely an open market transaction, with no change in the company's share capital.
Open market selling by promoters is generally viewed negatively by retail investors as it can signal reduced insider confidence. However, the size of the sale is small (under 0.5% of capital) and the rest of the promoter group holdings stayed flat, so the immediate price impact is likely limited.