Announced Fri, 19 Jun · 13:03 IST
Promoter Ravi Todi to sell 1.94% stake to meet minimum public shareholding norms
TICL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹19.31
prior close
₹19.51
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-1.0-0.8-0.5+1.4-0.3-2.5-11.2-20.5-28.2-36.3-49.4——
Up moveDown movePending
AI summary
Promoter Ravi Todi plans to sell 30 lakh equity shares (1.94% of paid-up capital) of Twamev Construction and Infrastructure Ltd through the open market between June 22 and June 30, 2026. The sale aims to meet the minimum public shareholding (MPS) requirement under SEBI and SCRR rules. This 1.94% divestment alone will not fulfil the full MPS obligation, and the company will use other methods to achieve complete compliance.
Likely market impact
Small near-term supply on the stock from open market selling, but the sale is regulatory-driven and not a negative on business fundamentals.