StockWatch
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Shipping
Shareholding2 Oct 2026, 11:41 am

Shreeji Shipping Promoters Sell 1.99% for Public Shareholding

AI Summary

Shreeji Shipping Global Limited announced the successful completion of a sale of equity shares by its promoters, Mr. Ashokkumar Haridas Lal and Mr. Jitendrakumar Haridas Lal. The sale, conducted through the open market route, involved a total of 32,50,000 equity shares, representing 1.9948% of the company's total equity share capital. This action was taken to comply with the Minimum Public Shareholding (MPS) requirements mandated by SEBI regulations. Each promoter sold less than 2% of the total paid-up equity share capital, and the entire sale was completed within the stipulated timeline.

Key Highlights

  • Promoters sold 32,50,000 shares, or 1.9948% of equity.
  • Sale was conducted via open market to meet Minimum Public Shareholding.
  • Transaction complies with SEBI regulations.
  • Each promoter sold less than 2% of total equity.
  • Sale completed within the announced timeline.