Sachin Govindlal Modi Increases Stake in Narmada Macplast Drip Irrigation Systems
Sachin Govindlal Modi has acquired 53,000 additional shares of Narmada Macplast Drip Irrigation Systems Ltd in the open market. This transaction increased his shareholding from 2,081,076 shares (5.74%) to 2,134,076 shares (5.89%) of the company's total voting capital. The acquisition was disclosed in compliance with SEBI regulations. Narmada Macplast Drip Irrigation Systems Ltd is listed on the Bombay Stock Exchange with a total equity share capital of 36,230,000 shares.
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Sachin Govindlal Modi has increased his shareholding in Narmada Macplast Drip Irrigation Systems Ltd through a recent acquisition of shares in the open market. The transaction saw Modi acquire an additional 53,000 shares of the company.
Transaction Details
| Aspect | Before Transaction | After Transaction |
|---|---|---|
| Shares Held | 2,081,076 | 2,134,076 |
| Shareholding Percentage | 5.74% | 5.89% |
This acquisition has resulted in a modest increase in Modi's stake in the company, pushing his total shareholding from 5.74% to 5.89% of the company's total voting capital.
Regulatory Compliance
In line with the Securities and Exchange Board of India (SEBI) regulations, Modi has disclosed this substantial acquisition of shares. Such disclosures are mandatory for transactions that significantly alter an individual's shareholding in a publicly listed company.
Company Overview
Narmada Macplast Drip Irrigation Systems Ltd is listed on the Bombay Stock Exchange. The company has a total equity share capital of 36,230,000 shares.
This transaction highlights the continued interest of significant shareholders in the company, which may be of note to other investors and market watchers. However, as with all investment decisions, it's important for investors to conduct their own research and consider multiple factors before making any investment choices.
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