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Madhav Copper Discloses Promoter’s Open-Market Share Sale Under SEBI Norms

Story Highlights
  • Promoter Rajesh Odhavjibhai Patel sold part of his equity stake in Madhav Copper through open-market transactions.
  • The company notified the National Stock Exchange under SEBI takeover rules, enhancing transparency on promoter shareholding changes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Madhav Copper Discloses Promoter’s Open-Market Share Sale Under SEBI Norms

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Madhav Copper Ltd. ( (IN:MCL) ) has provided an announcement.

Madhav Copper Limited has reported that one of its promoters, Rajesh Odhavjibhai Patel, has sold a portion of his equity stake in the company through open-market transactions, in line with disclosure requirements under Indian takeover regulations. The company has notified the National Stock Exchange of India about this change in promoter shareholding as per Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring regulatory compliance and transparency for shareholders and market participants regarding shifts in promoter ownership.

More about Madhav Copper Ltd.

Average Trading Volume: 169,394

Technical Sentiment Signal: Strong Buy

Current Market Cap: 1.33B INR

See more insights into MCL stock on TipRanks’ Stock Analysis page.

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