The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Yamnadutt Agrawal
Awaiting price reaction for this filing.
Amit Yamunadutt Agrawal, Promoter and Managing Director of Kashyap Tele-Medicines Limited, has sold 5,00,000 equity shares, equal to 1.05% of the company's paid-up share capital. The transaction was carried out off-market on May 15, 2025. The total equity share capital of the company stands at 4,77,22,000 shares. The disclosure has been filed with BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a notable reduction in promoter holding (above the 1% threshold that triggers mandatory disclosure), which may be viewed negatively by retail investors as it signals the promoter is trimming his stake. The off-market nature of the deal suggests a private transaction rather than open-market selling pressure, so direct impact on stock price may be limited, but promoter sentiment is a factor to watch.