Shareholding24 Aug 2026, 05:43 pm
East India Drums Promoter Sells 19.68% Stake via OFS
AI Summary
Shri Madhav Jayesh Valia, a promoter of East India Drums and Barrels Manufacturing Ltd, plans to sell up to 29,07,200 equity shares, representing 19.68% of the company's total paid-up capital. The Offer for Sale (OFS) will be conducted through the stock exchange mechanism on August 25, 2026 (T Day) for non-retail investors and August 26, 2026 (T+1 Day) for retail investors. This sale is intended to help the company achieve the minimum public shareholding requirements as per SEBI regulations.
Key Highlights
- Promoter to sell 19.68% stake in East India Drums and Barrels.
- Offer for Sale (OFS) to be conducted on August 25-26, 2026.
- Sale aims to meet minimum public shareholding norms.
- Total of 29,07,200 equity shares will be offered.
- Transaction to occur via stock exchange mechanism.
Price Impact
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