Shareholding15 Jun 2026, 12:29 pm
Sanjay Gupta's AVG Logistics Stake Drops to 11.85% Post Rights Issue
AI Summary
Sanjay Gupta, a promoter of AVG Logistics Limited, has disclosed a change in his shareholding percentage from 14.72% to 11.85%. This reduction is not due to any sale of shares but is a consequence of the company's increased paid-up equity share capital following a Rights Issue. Gupta continues to hold the same number of equity shares, 22,16,700. The disclosure is mandated by SEBI regulations as the change in voting rights percentage exceeded the prescribed threshold.
Key Highlights
- Promoter Sanjay Gupta's stake in AVG Logistics reduced to 11.85%.
- Shareholding decrease is due to Rights Issue, not share disposal.
- Number of shares held by promoter remains unchanged at 22,16,700.
- Disclosure filed as per SEBI (SAST) Regulations, 2011.
Price Impact
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