Enbee Trade & Finance , a company listed on the BSE under the scrip code 512441, has reported a significant change in its promoter shareholding. According to a recent disclosure made under Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011, promoter Amarr Narendra Galla has reduced his stake in the company.

Key Details of the Transaction

• Seller: Amarr Narendra Galla (Promoter)
• Mode of Sale: Open Market
• Shares Sold: 61,65,660
• Percentage Reduction: 1.08%

Impact on Shareholding

The open market sale has resulted in a notable change in Amarr Narendra Galla's ownership position:

Company's Equity Structure

The total equity share capital of Enbee Trade & Finance remains unchanged at 57,16,66,670 shares following this transaction.

Regulatory Compliance

The disclosure of this transaction aligns with SEBI's regulations on substantial acquisition of shares and takeovers, ensuring transparency for investors and market participants. Ssamta Amar Gaala, the Whole-time Director of Enbee Trade & Finance, signed the disclosure, confirming the company's adherence to regulatory requirements.

About Enbee Trade & Finance

Enbee Trade & Finance is registered with its office at B4 / C5 Gods Gift CHS Ltd, N M Joshi Marg, Lower Parel, Mumbai 400013. The company can be reached at 022-79692512 or via email at enbeetrade@gmail.com . Its Corporate Identification Number (CIN) is L50100MH1985PLC036945.

This transaction highlights the dynamic nature of shareholding patterns in listed companies and underscores the importance of timely disclosures in maintaining market transparency.

Enbee Trade & Finance Limited has reported significant changes in its promoter shareholding. Two key members of the promoter group have reduced their stakes through market transactions on the Bombay Stock Exchange (BSE).

Amarr Narendra Galla's Transaction

According to the disclosure made under the Securities and Exchange Board of India (SEBI) Prohibition of Insider Trading Regulations, Amarr Narendra Galla, a key promoter of the company, sold 61,65,660 equity shares. This transaction resulted in a reduction of his shareholding from 4,11,65,660 shares (7.20% of the total share capital) to 3,50,00,000 shares (6.12% of the total share capital).

The sale transaction was valued at Rs 28,64,276.00, as per the Form C submitted to the company. This value excludes taxes, brokerage, and any other charges associated with the transaction.

Ssamta Amar Gaala's Transaction

Another significant transaction was made by Ssamta Amar Gaala, a member of the promoter group and Whole Time Director of the company. Gaala sold 37,50,530 equity shares. This sale reduced Gaala's shareholding from 1,62,50,530 shares (2.84%) to 1,25,00,000 shares (2.18%). The transaction was valued at Rs 17,08,216.00.

Regulatory Compliance

Enbee Trade & Finance Limited promptly reported these changes in promoter shareholding to the BSE, in compliance with SEBI regulations. The disclosures were made under SEBI's Prohibition of Insider Trading Regulations, demonstrating transparency in the reporting process.

Market Impact

While the exact market impact of these transactions is not immediately clear, such significant sales by promoters and promoter group members often attract investor attention. Shareholders and potential investors may want to keep an eye on any further developments or disclosures from the company.

Enbee Trade & Finance Limited, with its registered office in Mumbai, operates in the financial sector. As always, investors are advised to conduct their own research and consider multiple factors before making investment decisions based on promoter shareholding changes.