
Shareholding2 Jun 2026, 10:50 am
Promact Plastics Promoter Jayantibhai Patel Acquires 99,591 Shares
AI Summary
Promact Plastics Limited has disclosed that promoter Jayantibhai Somabhai Patel acquired 99,591 equity shares of the company via an open market transaction on May 29, 2026. Following this acquisition, the promoter's individual stake increased to 7.10%. The disclosure, filed under Regulation 29(2) of SEBI (SAST) Regulations, also notes the divestment of shares by other Persons Acting in Concert (PAC), specifically Patel Sachin Narottambhai and Krishnaben Dharmendrabhai Patel, resulting in a net change in the promoter group's total shareholding from 40.42% to 40.30%.
Key Highlights
- Promoter Jayantibhai Somabhai Patel purchased 99,591 equity shares through an open market transaction.
- The acquisition increased the promoter's individual shareholding in the company to 7.10%.
- Two PAC members divested a total of 107,500 shares, offsetting the promoter's individual purchase.
- The total promoter group shareholding in the company stands at 40.30% post-transaction.
Price Impact
More from PROMACT