Promoter group sells 11.55% stake via OFS to meet minimum public shareholding
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Vital Connections LLP, a promoter group entity, sold 8,23,422 equity shares (11.55% of paid-up capital) through an Offer for Sale on June 22-23, 2026 via stock exchange. This reduced promoter group holding from 86.55% to 75% and lifted public shareholding to 25%, achieving the Minimum Public Shareholding requirement under SEBI LODR and SCRR rules.
Company has met the 25% minimum public shareholding rule. Higher public float may improve stock liquidity and trading volumes.