Ambassador Intra Holdings Reduces Stake in IEL Limited
Ambassador Intra Holdings, a significant shareholder in IEL Limited, sold 240,000 equity shares in the open market on BSE. This reduced their stake from 7.81% to 7.64%, representing a 0.17 percentage point decrease. The sale impacts the ownership structure of IEL Limited, which has a total equity share capital of Rs. 1,393,924,860. The transaction was reported in compliance with SEBI regulations.
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Ambassador Intra Holdings Limited, a significant shareholder in IEL Limited, has reduced its stake in the company through a substantial share sale in the open market. The transaction marks a notable shift in the ownership structure of IEL Limited.
Transaction Details
Ambassador Intra Holdings sold 240,000 equity shares of IEL Limited through open market transactions on the Bombay Stock Exchange (BSE). This sale has resulted in a decrease in Ambassador Intra Holdings' ownership in IEL Limited, as detailed below:
| Aspect | Before Sale | After Sale |
|---|---|---|
| Number of Shares Held | 10,897,751 | 10,657,751 |
| Percentage of Total Shares | 7.81% | 7.64% |
Impact on Shareholding
The transaction has led to a reduction in Ambassador Intra Holdings' stake in IEL Limited by 0.17 percentage points. It's worth noting that Ambassador Intra Holdings is not part of the promoter or promoter group of IEL Limited, indicating that this sale is from a significant non-promoter shareholder.
Company Information
IEL Limited has a total equity share capital of Rs. 1,393,924,860, divided into 1,393,924,860 equity shares with a face value of Re. 1 each. The company's shares are listed on the BSE.
Regulatory Compliance
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ambassador Intra Holdings Limited has duly informed the BSE about this transaction. The company secretary and compliance officer, Amrita Lalwani, filed the necessary disclosures on behalf of Ambassador Intra Holdings.
This share sale by Ambassador Intra Holdings could potentially impact the stock's trading patterns and might be of interest to other investors and market analysts tracking IEL Limited's ownership structure and stock performance.
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