The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Sethia
WCIL · price
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Rajendra Sethia, Promoter and Chairman & Managing Director of Western Carriers (India) Ltd, has bought 20,000 equity shares (face value Rs. 5) through open market purchases between March 19 and March 20, 2026, representing 0.020% of the company's paid-up capital. His shareholding has risen from 72.748% (7,41,71,020 shares) to 72.768% (7,41,91,020 shares). The company's total equity share capital stands at 10,19,55,213 shares. The purchases were made in two tranches — 10,135 shares on March 19 and 9,865 shares on March 20 — both at the prevailing market price. This is a small acquisition by an already majority owner, signaling continued insider confidence.
Although the stake increase is marginal (0.020%), a promoter buying shares on the open market is generally seen as a positive signal of insider confidence in the company's future prospects.