TMT India promoters sell entire 35.05 percent stake in change of control

Promoter Stake Sell 1pctPromoter Below 50pctOwnership Changes View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

Promoters of TMT India sold their full 35.05 percent stake (17,36,400 shares) to three private companies via off-market sale under a Share Purchase Agreement dated 20 April 2026. This triggers a mandatory open offer to public shareholders under change of control rules. Post-sale, promoter holding falls to zero.

Likely market impact

Change of control at TMT India. Promoters exit fully, reducing holding from 35 percent to zero. Mandatory open offer for public shareholders ahead.