The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitoshi Matsuo & Others
TDPOWERSYS · price
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Awaiting price reaction for this filing.
TD Power Systems promoters and promoter group entities sold a combined 99,00,000 equity shares (6.34% of paid-up capital) via the open market on May 22, 2025. Promoter Hitoshi Matsuo sold 21,00,000 shares (1.34%) for approximately Rs 96.62 crore, taking his holding from 6.43% to 5.08%. Promoter Nikhil Kumar sold 45,00,000 shares (2.88%), reducing his stake from 11.18% to 8.30%, while Saphire Finman Services LLP sold 33,00,000 shares (2.11%), dropping from 15.34% to 13.23%. Total promoter group holding fell from 33.22% to 26.88%, a meaningful reduction of 6.34 percentage points in a single day.
Sharp open-market selling by multiple promoters in one session is a negative signal and may weigh on the stock in the short term as investors interpret insider exits as a lack of confidence. The combined Rs 96+ crore worth of supply from insiders is also significant relative to typical daily volumes in this counter.