Usha Martin Limited , a prominent player in the wire rope manufacturing industry, witnessed a change in its promoter shareholding as Peterhouse Investments Limited reduced its stake in the company. The transaction, which took place on September 10, involved the sale of 150,000 equity shares through open market transactions on the National Stock Exchange (NSE).

Shareholding Impact

According to the disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Peterhouse Investments Limited's shareholding in Usha Martin has decreased from 4,450,000 shares (1.46% of the total share capital) to 4,300,000 shares (1.41%). This represents a reduction of 0.05% in the company's equity stake.

Promoter Group Holdings

Peterhouse Investments Limited, identified as part of the promoter/promoter group of Usha Martin, continues to maintain a significant presence in the company's ownership structure. In addition to its equity shareholding, Peterhouse Investments also holds 185,691 Global Depository Receipts (GDRs), which can be converted into 928,455 equity shares at the option of the holder.

Company Listing Details

Usha Martin's shares are listed on multiple exchanges, providing investors with various trading platforms:

Corporate Information

Peterhouse Investments Limited, registered in the British Virgin Islands with incorporation number 248779, maintains its administrative office in Guernsey. The company's affairs are managed by Trident Corporate Services (No.2) Limited.

Market Implications

While the sale represents a minor reduction in Peterhouse Investments' stake, it's worth noting that the overall equity share capital of Usha Martin Limited remains unchanged at 30,47,41,780 shares. The transaction highlights the dynamic nature of shareholding patterns in listed companies and the importance of transparency in reporting such changes to the market.

Investors and market participants may want to monitor any further changes in the promoter shareholding pattern of Usha Martin Limited, as these can sometimes indicate shifts in company strategy or market sentiment.

Usha Martin Limited , a prominent player in the wire rope manufacturing industry, has witnessed a slight reduction in its promoter group's shareholding. Peterhouse Investments Limited, a promoter entity of Usha Martin, has recently sold a portion of its stake in the company through open market transactions.

Transaction Details

Peterhouse Investments Limited offloaded 200,000 equity shares of Usha Martin Limited through open market transactions on the National Stock Exchange (NSE). This sale has resulted in a marginal decrease in Peterhouse's shareholding in the company.

Impact on Shareholding

Following the transaction, Peterhouse Investments' stake in Usha Martin has been reduced from 1.53% to 1.46% of the company's total share capital. The sale represents approximately 0.07% of Usha Martin's total voting capital.

Remaining Stake and GDRs

After the sale, Peterhouse Investments Limited continues to hold 4,450,000 equity shares in Usha Martin. Additionally, the promoter entity retains 185,691 Global Depository Receipts (GDRs) that can be converted into 928,455 equity shares at the option of the holder.

Company Listing Information

Usha Martin's shares are listed on multiple exchanges:

• Bombay Stock Exchange (BSE)
• National Stock Exchange of India (NSE)
• Luxembourg Stock Exchange (GDRs are listed)

Regulatory Compliance

The transaction details were disclosed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency in the shareholding changes of promoter entities.

About Usha Martin Limited

Usha Martin Limited is recognized for its expertise in wire rope manufacturing. The company's total equity share capital stands at 304,741,780 shares, as per the latest filing with the stock exchanges under SEBI (LODR) regulations.

This minor change in promoter shareholding is part of the regular market activities and does not signify any major shift in the company's ownership structure or management control.