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Geekay Wires Discloses Promoter Relative’s Purchase of 39,520 Shares

Story Highlights
  • Geekay Wires reported that promoter relative Ritika Kandoi purchased 39,520 shares on the market.
  • The share purchase marginally lifts promoter holdings and is disclosed as a material event under SEBI rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Geekay Wires Discloses Promoter Relative’s Purchase of 39,520 Shares

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Geekay Wires Ltd. ( (IN:GEEKAYWIRE) ) has shared an announcement.

Geekay Wires Ltd. disclosed that Mrs. Ritika Kandoi, an immediate relative of a director and member of the promoter group, has purchased 39,520 shares of the company on the market, and this transaction has been formally intimated to the company and reported under SEBI disclosure regulations. The move slightly increases the promoter group’s stake and is being treated as a material event under listing and insider trading rules, reflecting ongoing compliance with regulatory transparency requirements for significant share dealings by insiders and their relatives.

More about Geekay Wires Ltd.

Geekay Wires Ltd., formerly Geekay Wires Pvt. Ltd., is an ISO 9001:2015-certified manufacturer of galvanized steel wire, wire products, bulk and collated nails, and stainless steel nuts and bolts, operating multiple production units in Telangana and serving industrial customers in the steel wire and fasteners segment.

Average Trading Volume: 122,078

Technical Sentiment Signal: Hold

Current Market Cap: 3.36B INR

For an in-depth examination of GEEKAYWIRE stock, go to TipRanks’ Overview page.

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