Mid East Portfolio Management , a company listed on the Bombay Stock Exchange (BSE), has reported a significant change in its promoter shareholding. Jyoti Kishor Shah, a key member of the company's promoter group, has reduced her stake in the firm through an open market transaction.

Transaction Details

Jyoti Kishor Shah sold 50,000 equity shares of Mid East Portfolio Management, representing 0.99% of the company's total share capital. This transaction has altered the promoter's shareholding in the following manner:

Impact on Shareholding

The sale has resulted in a reduction of Shah's shareholding from 11.82% to 10.82% of the company's total equity. Despite this decrease, Jyoti Kishor Shah remains a significant shareholder and continues to be part of the promoter group.

Company Overview

Mid East Portfolio Management has a total paid-up capital of Rs. 5.03 crore, comprising 50.3 lakh shares with a face value of Rs. 10 each. The company's shares are listed on the Bombay Stock Exchange.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company has duly informed the BSE about this transaction. The disclosure includes details of the sale, the impact on shareholding, and confirms that the transaction was conducted through the open market.

Management Statement

Kishor Amichand Shah, the Managing Director of Mid East Portfolio Management, has officially communicated this change to the BSE, ensuring transparency in the company's dealings and adherence to regulatory requirements.

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

Mid East Portfolio Management promoter Jyoti Kishor Shah has reduced her stake in the company through an open market transaction. The sale saw Shah offloading 100,000 equity shares, representing 1.99% of the company's total shareholding.

Transaction Details

The sale has resulted in a significant change in Shah's holding in the company:

Company Overview

Mid East Portfolio Management, listed on the Bombay Stock Exchange (BSE) under the scrip code 526251, has a total paid-up capital of Rs. 5.03 crore. This capital comprises 50,30,000 shares, each with a face value of Rs. 10.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Jyoti Kishor Shah has made the necessary disclosures regarding this transaction.

The company's Managing Director, Kishor Amichand Shah, has duly informed the BSE about this change in promoter holding. This transparency ensures that all stakeholders are kept informed about significant changes in the company's ownership structure.

Impact on Shareholding Pattern

Despite the reduction in her stake, Jyoti Kishor Shah remains a part of the promoter group of Mid East Portfolio Management. The transaction does not affect the company's total paid-up capital or the number of outstanding shares.

Investors and market participants are advised to take note of this change in the promoter's shareholding while making their investment decisions.