Peterhouse Investments sells 150,000 Usha Martin shares in open market
- Peterhouse Investments sold 150,000 Usha Martin shares on NSE
- Promoter group stake reduced from 0.85% to 0.80%
- Holding dropped from 2.6 million to 2.45 million shares
- 185,691 GDRs remain unconverted
*this image is generated using AI for illustrative purposes only.
Usha Martin disclosed that Peterhouse Investments Limited sold 150,000 equity shares through the open market on the National Stock Exchange. The transaction occurred on September 9 and 10, 2026.
The seller is classified as part of the promoter or promoter group. The disposal was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Changes
Prior to the sale, Peterhouse Investments held 2,600,000 equity shares, constituting 0.85% of the total voting capital. The entity also holds 185,691 Global Depository Receipts (GDRs), which can be converted into 928,455 equity shares at the holder's option.
Following the sale of 150,000 shares (0.05% stake), the holding stands at 2,450,000 equity shares, representing 0.80% of the total voting capital. The GDR holdings remain unchanged.
| Metric | Before Sale | After Sale |
|---|---|---|
| Equity Shares Held | 2,600,000 | 2,450,000 |
| Stake Percentage | 0.85% | 0.80% |
| GDRs Held | 185,691 | 185,691 |
Capital Structure
The total equity share capital and total voting capital of Usha Martin remained at 30,47,41,780 shares before and after the transaction. The total diluted share/voting capital also remained unchanged at 30,47,41,780.
Historical Stock Returns for Usha Martin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.19% | -4.04% | -4.26% | +17.68% | +28.80% | 0.0% |
What strategic reasons might drive Peterhouse Investments to reduce its promoter stake while retaining convertible GDRs?
How could this partial exit by a promoter group entity impact investor sentiment and Usha Martin's stock price volatility in the short term?
Are there indications that other promoter group entities plan similar open market sales in the near future?
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