Shareholding9 Jun 2026, 05:01 pm
Ashok Modi Gifts 22.30% Stake in National General Industries
AI Summary
Ashok Kumar Modi, a promoter of National General Industries Limited, has transferred 9,99,515 equity shares, representing 22.30% of the total share capital, to immediate relatives via gift. This transaction, conducted off-market on June 8, 2026, complies with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, specifically regulation 10(1)(a)(i). Following the gift, Ashok Kumar Modi's direct holding in the company has reduced to zero, while the total equity share capital remains unchanged.
Key Highlights
- Promoter Ashok Kumar Modi gifted 22.30% stake in National General Industries.
- Transfer of 9,99,515 equity shares occurred on June 8, 2026.
- Transaction was an off-market gift among immediate relatives.
- Disclosure made under SEBI (SAST) Regulations, 2011.
- Ashok Kumar Modi's direct shareholding is now zero.
Price Impact
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