Nila Spaces promoter Kiran Vadodaria sells 1M shares in open market
- Promoter Kiran B Vadodaria sold 1,000,000 equity shares via open market
- Transaction represents 0.25% of total paid-up equity share capital
- Vadodaria's stake reduces from 7.03% to 6.77%
- Sale executed between September 2 and September 3, 2026
- No shares were encumbered before or after the transaction
*this image is generated using AI for illustrative purposes only.
Nila Spaces promoter Kiran B Vadodaria disposed of 1,000,000 equity shares through an open market sale between September 2 and September 3, 2026.
The transaction represents 0.25% of the company’s total paid-up equity share capital. The disclosure was made pursuant to 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.
Shareholding Changes
Prior to the sale, Vadodaria held 27,680,065 shares, constituting 7.03% of the voting capital. None of these shares were encumbered or pledged. Following the disposal, his holding stands at 26,680,065 shares, or 6.77% of the total equity.
| Metric | Before Sale | After Sale | Change |
|---|---|---|---|
| Shares Held | 27,680,065 | 26,680,065 | -1,000,000 |
| Stake Percentage | 7.03% | 6.77% | -0.25% |
| Encumbrances | Nil | Nil | Nil |
The total diluted share capital of Nila Spaces remains unchanged at 393,889,200 equity shares of ₹1 each. The company confirmed receipt of the disclosure from its Company Secretary, Gopi Dave, on September 3, 2026.
Historical Stock Returns for Nila Spaces
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.24% | -11.38% | -13.25% | -9.93% | -35.06% | +532.00% |
Will Kiran B Vadodaria continue to reduce his stake in Nila Spaces, or does this sale mark the end of his divestment plan?
How might this promoter selling activity impact investor sentiment and the short-term trading volume of Nila Spaces shares?
Are there any upcoming corporate actions, such as rights issues or buybacks, that could be influencing this timing of the open market sale?
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