Shareholding15 May 2026, 11:06 am
Shashank Traders: Praveen Jain Sells 8.24 Lakh Shares Off-Market
AI Summary
Praveen Jaswant Rai Jain disposed of 8,24,600 equity shares of Shashank Traders Ltd in an off-market transaction at ₹30 per share on May 7, 2026. This represents 26.65% of the total share/voting capital. Post-transaction, Praveen Jain's holding in the company is NIL. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Praveen Jaswant Rai Jain sold 8,24,600 shares of Shashank Traders Ltd.
- The sale was executed off-market at a price of ₹30 per share.
- The transaction resulted in Praveen Jain holding NIL shares in the company.
- The sale represents 26.65% of the total share/voting capital before disposal.
- Disclosure made under SEBI Regulations for Substantial Acquisition of Shares.
Price Impact
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