The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Raj Sinha
SIGACHI · price
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Awaiting price reaction for this filing.
Promoter Amit Raj Sinha of Sigachi Industries sold 73,02,108 shares (1.91% of the company), bringing his personal holding down from 5.50% to 3.98%. Separately, 15,00,000 shares (0.39%) previously pledged/encumbered in his name were released. As a result, the promoter group's total holding (including PACs and family entities) dropped from 35.47% to about 33.55% of the company. The total encumbrance at the group level reduced marginally from 15.92% to 15.53%.
A 1.91% stake sale by a named promoter is a meaningful reduction that retail investors may view as a negative signal on near-term promoter conviction. The simultaneous pledge release of 0.39% is a small positive, slightly easing the group's pledged-share overhang.