Promoter-group members seek reclassification as public shareholders
ULTRAMAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.8 pts more than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company received requests from Narayan Santhanam, holder of 259,000 shares or 0.89%, and Deepa Ajay, holder of 51,000 shares or 0.17%, to move from the promoter group to the public category. Together they hold 310,000 shares, or 1.06%. The requests require approvals, and no share sale is reported.
Approval would slightly increase public holdings, but ownership and total voting rights would not immediately change. Any stock-price effect is likely limited.