The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asha Nanda
Awaiting price reaction for this filing.
Asha Nanda, a shareholder of JMG Corporation Ltd, sold 1,50,000 shares (about 0.65% of total share capital) through an off-market transaction on May 29, 2025. Her holding came down from 6,90,789 shares (2.98%) to 5,40,789 shares (2.34%) after the sale. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, which applies to promoter-group members and persons holding over the prescribed threshold. JMG Corporation's total equity capital is Rs. 5.79 crore, split into 2.31 crore shares of Rs. 2.50 each.
The sale is modest in size and happened off-market, so it is unlikely to move the stock price directly. However, it indicates an insider trimming her stake, which investors may track as a sentiment signal.