Announced Mon, 27 Jul · 18:15 IST
Promoter Group members seek reclassification to Public category
Ownership Changes View source PDF
SPARC · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Three members of the promoter group, Sudhir Valia, Raksha Valia, and Krishna Valia, have requested reclassification from Promoter Group to Public category under SEBI Listing Regulations. Together they hold 59,79,182 shares, about 1.85 percent of total shares. The Board will examine the request and take it up for approval in due course, after which the company will apply to the stock exchanges.
Likely market impact
If approved, the promoter group stake in SPARC reduces by about 1.85 percent. Procedural move; no immediate effect on shareholding or stock price.