Announced Fri, 13 Mar · 09:42 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satishkumar Shah

Promoter Stake BuyOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.5%1-day move

₹3.92

prior close

₹3.89

base price

In-mkt

timing

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+0.0+0.0-1.3+0.0+0.5-0.3+0.0-0.5+0.5-0.5+2.6+1.8+0.8-0.8

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AI summary

Satishkumar Shah Keshavlal, a promoter of Sacheta Metals Ltd, purchased 64,700 equity shares (0.06% of the total share capital) through open market on March 12, 2016. His stake in the company increased marginally from 21.11% (2,63,89,072 shares) to 21.17% (2,64,56,477 shares). The disclosure has been filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's total equity capital remains unchanged at Rs. 25 crore divided into 12.5 crore equity shares of Rs. 2 each.

Likely market impact

This is a small incremental open-market purchase by the promoter, signalling continued confidence in the company. The negligible change in stake (0.06%) is unlikely to have any material impact on the stock price, but reflects promoter optimism at current levels.