Insider Trading14 May 2026, 08:21 pm
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 at ₹30 per share in an off-market transaction on May 7, 2026. This sale represents 26.65% of the total share capital. Post-transaction, Praveen Jain's shareholding in the company is NIL. The disclosure was made under SEBI regulations regarding substantial acquisition of shares and insider trading.
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 value is ₹2,47,38,000.
- The sale represents 26.65% of the company's total share capital.
- Post-sale, Praveen Jain's shareholding in Shashank Traders is NIL.
Price Impact
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