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.
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.
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.
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.
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.
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.
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.
Track the stock market in Hindi. Visit Angel One News for the latest market trends, insights, and share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 21, 2026, 3:36 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
