Announced Fri, 19 Jun · 13:08 IST
Promoter Ravi Todi to sell 30 lakh shares (1.94%) via open market for MPS compliance
TICL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹19.31
prior close
₹19.37
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.1-0.1-0.1+1.4-0.3-2.5-11.2-20.5-28.2-36.3-49.4——
Up moveDown movePending
AI summary
Promoter Mr. Ravi Todi plans to sell 30,00,000 equity shares (about 1.94% of paid-up capital) through open market between June 22 and June 30, 2026. The purpose is to move toward the Minimum Public Shareholding (MPS) requirement under SEBI rules. The company noted this 2% sale alone will not fully meet MPS, and other permitted methods will follow. Promoter has undertaken not to buy any shares during the sale window.
Likely market impact
Short-term selling pressure on the stock; part of regulatory compliance, not a sign of promoter weakness, but more supply may be coming.