Unified Data-Tech promoter Hiren Mehta sells 10 lakh shares
- Promoter Hiren Rajendra Mehta sold 10,00,000 shares via open market
- Transaction value reduced his stake from 60.19% to 55.22%
- Sale occurred on September 18, 2026, per SEBI Regulation 29(2)
- Total equity capital remains at 20,090,100 shares
*this image is generated using AI for illustrative purposes only.
Hiren Rajendra Mehta, promoter of Unified Data-Tech Solutions , disposed of 10,00,000 equity shares on September 18, 2026. The open market sale reduced his stake by 4.98%.
The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mehta executed the sale through the stock exchange.
Holding Structure Change
Prior to the disposal, Mehta held 1,20,92,910 shares, representing 60.19% of the total voting capital. Following the sale, his holding stands at 1,10,92,910 shares, or 55.22%.
| Metric | Before Sale | After Sale | Change |
|---|---|---|---|
| Shares Held | 1,20,92,910 | 1,10,92,910 | -10,00,000 |
| Stake (%) | 60.19% | 55.22% | -4.98% |
The company’s total equity share capital remains unchanged at 20,090,100 shares of ₹10 each. No encumbrances or convertible securities were involved in the transaction.
Historical Stock Returns for Unified Data Tech Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.31% | +6.17% | +5.96% | +26.67% | -4.96% | +33.88% |
Will Hiren Mehta continue to reduce his stake in Unified Data-Tech Solutions, or does this transaction mark the end of his divestment plan?
How might this 4.98% reduction in promoter holding impact the company's stock price volatility and investor confidence in the short term?
Are there any strategic reasons, such as liquidity needs or portfolio rebalancing, disclosed by the promoter for this open market sale?
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