The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Baskar Babu Ramachandran
SURYODAY · price
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Baskar Babu Ramachandran, Promoter and Managing Director & CEO of Suryoday Small Finance Bank, bought 50,000 equity shares from the open market on March 17 and March 18, 2026, under a Trading Plan previously submitted to the exchanges under SEBI's Insider Trading Regulations. His shareholding rose from 55,01,911 shares (5.18% of diluted capital) to 55,51,911 shares (5.22% of diluted capital), an increase of 0.04 percentage points. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and was made to both NSE and BSE.
This is a small, routine promoter purchase made under a pre-approved trading plan, signalling insider confidence but unlikely to materially move the stock price. Shareholders should note that promoter-level holding remains low at 5.22%, well below 50%.