The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeev Jhawar
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Rajeev Jhawar, part of the promoter group of Usha Martin Ltd, bought 10,000 equity shares through an open market purchase on the NSE on September 19, 2025. This is a disclosure filed under SEBI's Regulation 29(2) of the Takeover Regulations. Before the purchase he held 28,25,000 shares (0.93% of the company), and after the purchase his holding rose marginally to 28,35,000 shares, still at 0.93% of total share capital. The acquisition is tiny in proportion and does not change his overall stake meaningfully. No encumbrance or pledge-related activity is mentioned in the disclosure.
The purchase signals continued promoter confidence in the company, but the size is too small to materially affect shareholding or stock price. Investors should note this is a routine insider buy with negligible impact on ownership structure.