Twamev Construction and Infrastructure Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 and Regulation 7(2) of Prohibition of Insider Trading 2015 wrt Offer for Sale executed by Mr. Ravi Todi.'.
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Awaiting price reaction for this filing.
Mr. Ravi Todi, a promoter of Twamev Construction and Infrastructure Limited, has executed an Offer for Sale (OFS) of his shares in the company. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of the Prohibition of Insider Trading Regulations, 2015. Filing under these regulations indicates the sale involved a material chunk of holdings (typically 2% or more of share capital). Exact quantity of shares sold, sale price, and post-sale promoter holding are not specified in this headline.
This is a promoter exiting part of his stake, which is generally viewed negatively by retail investors as it can signal reduced promoter confidence or a need to monetise holdings. Watch for any further details on sale size and the resulting promoter holding percentage.