Rajeev Jhawar Boosts Stake in Usha Martin Ltd with 40,000 Share Acquisition
Rajeev Jhawar, a significant shareholder of Usha Martin, has purchased 40,000 equity shares through an open market transaction on the NSE. This acquisition increased his stake from 1.34% (40,90,000 shares) to 1.36% (41,30,000 shares). Usha Martin has a total equity share capital of 30,47,41,780 shares.

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Rajeev Jhawar, a significant shareholder of Usha Martin , has increased his stake in the company through a recent open market transaction. The acquisition, which took place on the National Stock Exchange (NSE), involved the purchase of 40,000 equity shares of Usha Martin.
Transaction Details
| Aspect | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held | 40,90,000 | 41,30,000 |
| Stake Percentage | 1.34% | 1.36% |
The transaction has resulted in a marginal increase in Jhawar's ownership of the company. This move demonstrates his continued confidence in Usha Martin's prospects.
Company Overview
Usha Martin, with a total equity share capital of 30,47,41,780 shares, is a well-established player in its sector. The recent acquisition by Rajeev Jhawar, while small in percentage terms, represents a notable investment in absolute numbers.
Market Implications
While the increase in stake is relatively small, such transactions by significant shareholders are often closely watched by market participants. They can be interpreted as signals of insider confidence in the company's future performance or strategic direction.
Investors and market analysts may want to keep an eye on any further developments or disclosures from Usha Martin or its major shareholders in the coming days.
It's important to note that this transaction was reported as per regulatory requirements, demonstrating transparency in the company's ownership changes.
Historical Stock Returns for Usha Martin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.91% | +1.70% | -11.34% | +37.71% | +11.46% | +1,575.89% |










































