Shareholding18 Aug 2026, 10:27 am
Menon Bearings: Promoter Group Sells 1.77% Stake
AI Summary
Menon Bearings Limited has filed a disclosure regarding a change in shareholding by the promoter group. Aditya Nitin Menon, Anshul Nitin Menon, and Sucheta Nitin Menon, collectively part of the promoter group and identified as sellers, have disposed of a total of 9,96,909 shares, representing 1.77% of the total equity share capital. This transaction occurred via the open market between September 18, 2024, and August 14, 2026. Following the sale, the promoter group's total holding in the company has reduced from 68.44% to 66.67%. The total equity share capital of the company remains unchanged at ₹5,60,40,000.
Key Highlights
- Promoter group members sold 1.77% stake in Menon Bearings.
- Total shares sold amount to 9,96,909 units.
- Transaction occurred through open market sales.
- Promoter group holding reduced to 66.67% post-sale.
- Sale period spans from September 18, 2024, to August 14, 2026.
Price Impact
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