Announced Thu, 10 Sept, 2026 · 11:07 IST
Promoter sells 2% stake to meet minimum public shareholding norms
LOTUSDEV · price
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Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹199.00
prior close
₹207.88
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+5.3+6.0+7.5+7.5+8.0+7.5+18.8———
Up moveDown movePending
AI summary
Promoter Mr. Anand Kamalnayan Pandit sold 97.70 lakh equity shares (2.00% of paid-up capital) through an open market sale on September 10, 2026. This was done to comply with SEBI minimum public shareholding requirements. As a result, the promoter group's total holding in the company has come down from 81.87% to 79.87% of the paid-up equity share capital.
Likely market impact
Increased public float and compliance with minimum public shareholding norms; modest supply addition from promoter selling.