MTAR Share Price Gains Over 5%; Promoter Group Member Akepati Pranay Reddy Sells 60,000 Shares in Open Market Transaction

Akepati Pranay Reddy, part of the promoter group of MTAR Technologies Limited, has disclosed the sale of 60,000 equity shares in the company.  

This transaction was conducted in the open market and is part of the regulatory requirements under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. 

Details of the Share Sale 

Before this transaction, Akepati Pranay Reddy held 2,50,000 shares, representing 0.81% of MTAR Technologies' total share capital.  

The sale of 60,000 shares, which occurred between May 19, 2026, and May 20, 2026, reduced his holding to 1,90,000 shares, now accounting for 0.61% of the company's total share capital. 

Transaction Execution 

The shares were sold on both the BSE Limited and the National Stock Exchange of India Limited.  

The transaction was executed in the open market, adhering to the necessary regulatory guidelines.  

The equity share capital of MTAR Technologies remains at ₹30,75,95,910, divided into 3,07,59,591 fully paid-up equity shares of ₹10 each. 

Impact on Shareholding 

Following the sale, Akepati Pranay Reddy's shareholding in MTAR Technologies decreased, reflecting a change in the promoter group's stake in the company.  

The transaction was duly reported to the stock exchanges and MTAR Technologies for record-keeping and compliance purposes. 

Read More: Promoter Holdings Drop: Bandhan Bank, Urban Company Among 18 Smallcap Stocks Noted for Reduced Promoter Stakes in Q4 FY26! 

Regulatory Compliance 

This sale is in compliance with SEBI's regulations, which require disclosures for substantial acquisition or disposal of shares.  

The prescribed form under Regulation 29(2) was submitted to ensure transparency and maintain investor confidence. 

MTAR Technologies Share Price Performance 

As of May 21, 2026, at 3:08 PM, MTAR Technologies share price on NSE was trading at ₹7,895.50 up by 5.88% from the previous closing price. 

Conclusion 

Akepati Pranay Reddy's sale of 60,000 shares of MTAR Technologies signifies a reduction in his stake within the promoter group. The transaction was conducted in accordance with SEBI regulations, ensuring transparency and compliance with market norms. 

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