The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Naresh Kumar Bansal
RAMASTEEL · price
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Awaiting price reaction for this filing.
Promoter Naresh Kumar Bansal sold 12,00,19,300 equity shares (7.70% of total share capital) of Rama Steel Tubes Ltd on September 16, 2025, through the open market under Regulation 29(2) of SEBI SAST Regulations, 2011. Before the sale, he held 39,97,40,475 shares (25.65%); after the sale, his holding stands at 27,97,21,175 shares (17.95%). The company's total equity share capital remains unchanged at approximately Rs. 155.83 crore (15.58 crore shares of Re. 1 each). This is a significant reduction in promoter stake, though Mr. Bansal continues to remain classified as part of the promoter group.
A 7.70% open-market sale by a promoter is a meaningful divestment that may create short-term supply pressure on the stock. However, the promoter still holds 17.95% of the company, so control implications are limited. Retail investors should watch for any further disclosures or price action post this large block sale.