The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandeep Jha, Sanjay Kumar Pathak, Sunil Rai, ....
RELIABLE · price
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Six members of the promoter group of Reliable Data Services Limited sold a total of 3,02,004 equity shares in the open market on December 29-30, 2025, equivalent to roughly 2.93% of the company's total share capital (1.032 crore shares of Rs 10 each). The sellers were Sandeep Kumar Jha (42,004 shares, holding down to 12.68%), Sanjay Kumar Pathak (50,000 shares, to 15.35%), Sunil Kumar Rai (60,000 shares, to 13.27%), Anil Kumar Jha (60,000 shares, to 10.90%), Rakesh Jha (50,000 shares, to 15.04%), and Meenu Rai (40,000 shares, down to just 0.01%). All sales were executed through the open market on NSE and BSE, with no encumbrance or pledge activity involved. The disclosure is filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, which is triggered when a promoter group's incremental 2% change crosses the reporting threshold.
A coordinated open-market sale by multiple promoters totaling nearly 3% of the company in two days is a negative signal for retail investors, as it suggests insiders are reducing exposure. Short-term share price may face pressure due to increased supply, though promoter group still retains a substantial majority stake above 65% collectively.