Mercury EV-Tech promoter group entity sells 20 lakh shares
- Shree Saibaba Exim sold 20,00,000 shares in open market
- Promoter group stake reduced from 19.869% to 18.817%
- Transaction disclosed under SEBI SAST and PIT regulations
- Total equity capital remains at 18,99,73,058 shares

*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.91% | -4.29% | -4.16% | +2.57% | +2.57% | +2.57% |
What strategic rationale drove Shree Saibaba Exim to reduce its stake, and does this signal a broader promoter exit or liquidity management strategy?
How might this open market sale impact Mercury EV-Tech's stock price volatility and investor sentiment in the near term?
Could this reduction in promoter holding affect the company's credit ratings or ability to raise further debt for EV expansion projects?


































