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 2,46,053 equity shares of Rs. 5 face value through the open market on September 5, 2025. This represents 0.241% of the company's paid-up equity capital, raising his holding from 71.982% to 72.223%. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011 with both BSE and NSE. The total equity share capital of the company remains 10,19,55,213 shares.
This is a small open-market purchase by the promoter that signals continued confidence in the company. The stake increase is marginal, so no meaningful impact on stock price is expected, though it reinforces promoter commitment as his holding approaches the 75% non-public holding ceiling.