StockWatch
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Iron & Steel Products
Shareholding23 Jun 2026, 05:20 pm

Promoters Sell 3.2 Lakh Shares in Adishakti Loha and Ispat

AI Summary

Pawan Kumar Mittal and Kiran Mittal, members of the promoter group of Adishakti Loha and Ispat Limited, have collectively sold 320,000 equity shares through open market transactions. The sales occurred on June 19, 2026, and June 22, 2026. Pawan Kumar Mittal sold 20,000 shares on June 19 and 200,000 shares on June 22, while Kiran Mittal sold 100,000 shares on June 19. This transaction represents a 2.54% stake reduction for the promoter group. Following the sale, the promoter group's total holding in the company has decreased from 20.69% to 18.14%.

Key Highlights

  • Promoters Pawan Kumar Mittal and Kiran Mittal sold 320,000 shares.
  • Sales occurred via open market transactions on June 19 and 22, 2026.
  • The sale represents a 2.54% reduction in promoter shareholding.
  • Post-sale promoter holding is now 18.14% from 20.69%.
  • The transactions were disclosed under SEBI SAST Regulations, 2011.