The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amlika Mercantile Pvt Ltd
Awaiting price reaction for this filing.
Amlika Mercantile Pvt Ltd, a promoter group entity of Nagarjuna Fertilizers and Chemicals Ltd, has filed a revised disclosure under SEBI SAST Regulations confirming open market share sales on multiple dates in March 2025 (7th, 10th, 12th, 17th, 18th, 19th and 21st). Across these dates, Amlika Mercantile sold approximately 1.71 crore equity shares, reducing its holding from 29,60,72,140 shares (49.51%) to 27,67,72,140 shares (46.28%). Individual transaction sizes ranged from 12 lakh to 36 lakh shares (0.20% to 0.60% each), all sold via open market on BSE and NSE. The revised disclosure was submitted on April 11, 2025 after BSE sought clarification on the original filings.
Continued open market selling by a promoter group entity—totaling around 3.2% of equity in just two weeks—signals promoter trimming and could weigh on stock sentiment. Retail investors should monitor for further disclosures as aggregate promoter selling is clearly above the 1% reporting threshold.