Mercury EV-Tech promoter group entity sells 20 lakh shares

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Shree Saibaba Exim sold 20,00,000 Mercury EV-Tech shares on Sept 10, 2026
  • Promoter group stake fell from 19.869% to 18.817%
  • Transaction disclosed under SEBI PITR and SAST regulations
  • Total share capital remains at 18,99,73,058 equity shares
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*this image is generated using AI for illustrative purposes only.

Promoter group entity Shree Saibaba Exim Private Limited disposed of 20,00,000 equity shares of Mercury EV-Tech Limited on September 10, 2026. The open market sale reduced the entity’s holding to 18.817%.

The transaction was disclosed under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company informed both the BSE and NSE on the same date.

Shareholding Changes

Prior to the disposal, Shree Saibaba Exim held 3,77,47,485 equity shares, representing 19.869% of the total voting capital. The post-disposal holding stands at 3,57,47,485 shares.

Metric Pre-Disposal Disposal Post-Disposal
Shares Held 3,77,47,485 20,00,000 3,57,47,485
Stake (%) 19.869% 1.0527% 18.817%

The total equity share capital of Mercury EV-Tech remains unchanged at 18,99,73,058 shares with a face value of Re. 1/- each. No derivatives trading was reported by the promoter group entity in connection with this transaction.

Historical Stock Returns for Mercury EV-Tech

1 Day5 Days1 Month6 Months1 Year5 Years
+9.99%+13.50%+19.06%0.0%0.0%0.0%

Will the promoter group continue to reduce its stake in Mercury EV-Tech, or is this disposal part of a one-time liquidity requirement?

How might this reduction in promoter holding impact investor sentiment and the stock's short-term price volatility on the BSE and NSE?

Does this sale signal a lack of confidence in Mercury EV-Tech's near-term growth trajectory in the competitive electric vehicle sector?

Mercury EV-Tech promoter group sells 52.45 lakh shares in open market

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Promoter group entity Shree Saibaba Exim sold 52,45,000 shares
  • Transaction occurred in open market on September 7 and 8, 2026
  • Promoter stake reduced from 22.630% to 19.869%
  • Total equity capital remains unchanged at 18,99,73,058 shares
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50422018

*this image is generated using AI for illustrative purposes only.

Mercury EV-Tech Limited disclosed that its promoter group entity, Shree Saibaba Exim Private Limited, sold 52,45,000 equity shares in the open market on September 7 and 8, 2026.

The disposal was made under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

Shree Saibaba Exim Private Limited held 4,29,92,485 shares, representing 22.630% of the company's total voting capital, prior to the transaction. Following the sale, its holding reduced to 3,77,47,485 shares, or 19.869%.

Metric Pre-Disposal Disposal Post-Disposal
Number of Shares 4,29,92,485 52,45,000 3,77,47,485
Stake Percentage 22.630% 2.760% 19.869%

The transaction took place on the BSE and NSE exchanges. The company's total equity share capital remains unchanged at 18,99,73,058 shares with a face value of Re. 1/- each.

Regulatory Compliance

The disclosure was submitted by Artiben Jayeshbhai Thakkar, Director of Shree Saibaba Exim Private Limited (DIN: 02480296), on September 8, 2026. The filing confirms no derivatives were traded in connection with this disposal.

Historical Stock Returns for Mercury EV-Tech

1 Day5 Days1 Month6 Months1 Year5 Years
+9.99%+13.50%+19.06%0.0%0.0%0.0%

What strategic rationale is driving Shree Saibaba Exim Private Limited to reduce its stake in Mercury EV-Tech, and does this signal a broader promoter exit or portfolio rebalancing?

How might this 2.76% reduction in promoter holding impact investor confidence and the stock's liquidity on the BSE and NSE in the near term?

Given the current valuation of Mercury EV-Tech, are there indications that other major shareholders or institutional investors plan similar disinvestments?

More News on Mercury EV-Tech

1 Year Returns:0.00%