The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Sethia
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Awaiting price reaction for this filing.
Rajendra Sethia, Promoter and Chairman & Managing Director of Western Carriers (India) Ltd, purchased 28,363 equity shares (face value Rs. 5 each) on September 12, 2025 through the open market. This acquisition represents 0.028% of the company's paid-up capital. His total shareholding increased from 7,38,42,657 shares (72.427%) to 7,38,71,020 shares (72.454%). The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011. The company's total equity share capital stands at 10,19,55,213 shares.
This is a small open-market purchase by the promoter showing continued confidence in the company, though the increase in stake is marginal (0.028%). Existing shareholders can take it as a mild positive signal of promoter conviction, but it is unlikely to materially move the stock price given the tiny size of the acquisition.