Thirumalai Chemicals to sell up to 9.5L shares of Ultramarine and Pigments
TIRUMALCHM · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thirumalai Chemicals' Fund Raising Committee approved selling up to 9,50,000 equity shares (3.25 percent of capital) of Ultramarine and Pigments Limited through the open market on stock exchanges. Thirumalai currently holds 27,38,837 shares (9.38 percent) as a promoter in Ultramarine and Pigments. At the last closing price of Rs 418.50 on NSE, the sale could be worth around Rs 39.8 crore. The transaction is not a related party deal and is expected to be completed on the same day, September 30, 2026.
Promoter stake sale in Ultramarine and Pigments may fetch about Rs 40 crore for Thirumalai Chemicals; possible selling pressure on Ultramarine stock.