Nila Spaces promoter Kiran B Vadodaria sells 1M shares in open market
- Kiran B Vadodaria sold 1 million Nila Spaces shares for ₹1.26 crore on Aug 25-27
- Promoter stake falls to 7.03% from 7.28% following the latest open market sale
- Total disposals reach 2.5 million shares in one week, reducing stake by 0.63%
- No encumbered shares or convertible securities were involved in the transactions
*this image is generated using AI for illustrative purposes only.
Nila Spaces promoter Kiran B Vadodaria sold 1 million equity shares through the open market on August 25 and August 27, 2026. The transaction reduced his stake in the real estate developer to 7.03%.
This disposal follows a separate sale of 1.5 million shares executed on August 20 and August 24, 2026. Combined, Vadodaria has offloaded 2.5 million shares in less than a week, reducing his total holding from 30,180,065 shares (7.66%) to 27,680,065 shares (7.03%).
Latest Transaction Details
The most recent sale was valued at ₹1.258 crore (excluding taxes and brokerage). The transaction was executed entirely through open market sales on the National Stock Exchange. No warrants, convertible securities, or encumbered shares were involved.
| Metric | Before Sale | Change | After Sale |
|---|---|---|---|
| Shares Held | 28,680,065 | -1,000,000 | 27,680,065 |
| Stake Percentage | 7.28% | -0.25% | 7.03% |
| Encumbered Shares | 0 | 0 | 0 |
Cumulative Disposal Overview
Vadodaria’s recent selling activity represents a significant reduction in his promoter holding over a short period. The total equity share capital of Nila Spaces remains unchanged at ₹393,889,200, divided into 393,889,200 equity shares of ₹1 each.
| Period | Shares Sold | Stake Change | Remaining Stake |
|---|---|---|---|
| Aug 20–24, 2026 | 1,500,000 | -0.38% | 7.28% |
| Aug 25–27, 2026 | 1,000,000 | -0.25% | 7.03% |
| Total | 2,500,000 | -0.63% | 7.03% |
Regulatory Disclosures
Vadodaria submitted the disclosure for the latest transaction under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was received by the company on August 27, 2026.
Historical Stock Returns for Nila Spaces
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.49% | -0.23% | +5.12% | -8.93% | -6.46% | +570.53% |
Will Kiran B Vadodaria continue to reduce his stake in Nila Spaces, or has he reached his target holding percentage?
How might this significant promoter selling pressure impact Nila Spaces' stock price volatility in the coming weeks?
Is this disposal part of a broader promoter exit strategy or merely for personal liquidity needs?
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