Pace E-Commerce Ventures Promoter Sells 2.17 Lakh Shares Through Market Sale
Shaival Dharmendra Gandhi, Managing Director and CFO of Pace E-Commerce Ventures Limited, sold 217,200 equity shares in an open market transaction. This reduced his shareholding from 55.79% to 54.83%, a decrease of 0.96%. The company, listed on BSE, has made the mandatory disclosure as per SEBI regulations. Pace E-Commerce Ventures has a total equity share capital of 2,25,33,510 shares of Rs. 10 each.

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Pace E-Commerce Ventures Limited , a company listed on the Bombay Stock Exchange (BSE), has reported a significant change in its promoter shareholding. Shaival Dharmendra Gandhi, the Managing Director and Chief Financial Officer of the company, has sold a portion of his equity stake in an open market transaction.
Transaction Details
Gandhi disposed of 217,200 equity shares of Pace E-Commerce Ventures Limited through an open market sale.
Impact on Shareholding
Following the sale, Gandhi's shareholding in the company has undergone a notable change:
Shareholding | Before Sale | After Sale | Change |
---|---|---|---|
Equity Shares | 1,25,73,465 | 1,23,56,265 | -217,200 |
Percentage | 55.79% | 54.83% | -0.96% |
Despite the reduction, Gandhi remains a significant shareholder in the company, retaining over 54% of the equity shares.
Regulatory Compliance
In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically those related to substantial acquisition of shares and takeovers, Pace E-Commerce Ventures Limited has made the mandatory disclosure.
Company Information
Pace E-Commerce Ventures Limited has a total equity share capital of 2,25,33,510 shares of Rs. 10 each.
This transaction highlights the importance of transparency in insider trading and adherence to regulatory requirements in the Indian stock market.
Historical Stock Returns for Pace E-Commerce Ventures
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.35% | -1.12% | -3.30% | -12.07% | -8.33% | -79.95% |