The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mukesh Ruia
SHEKHAWATI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mukesh Ramniranjan Ruia, a promoter of Shekhawati Industries Ltd, has transferred 6,50,000 shares (1.88% of total equity) by way of gift to the M.R. Ruia Family Trust, another promoter-group entity. Mukesh Ruia's personal holding has come down from 85,50,000 shares (24.80%) to 79,00,000 shares (22.92%), while the recipient Family Trust now holds 6,51,000 shares (1.88%). The total promoter-group holding remains unchanged at 2,21,03,425 shares (64.12%). No encumbrances were created or released. The mode of transfer is an inter-se gift within the promoter family, not an open-market sale.
This is an internal reshuffle within the promoter family rather than a real exit, so the overall promoter control and voting power stays the same at 64.12%. Retail investors are unlikely to see any meaningful negative impact on the stock from this transfer.