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Madhav Copper Discloses Promoter’s Sale of Shares Under SEBI Takeover Norms

Story Highlights
  • Madhav Copper reported that promoter Rajesh Patel sold company shares in the market.
  • The share sale was disclosed to NSE under SEBI takeover regulations, signaling a change in promoter holding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Madhav Copper Discloses Promoter’s Sale of Shares Under SEBI Takeover Norms

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The latest update is out from Madhav Copper Ltd. ( (IN:MCL) ).

Madhav Copper Limited has disclosed that one of its promoters, Rajesh Odhavjibhai Patel, has sold equity shares of the company on the open market, in line with regulatory requirements. The company informed the National Stock Exchange that it has received the prescribed disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, signaling a change in promoter shareholding that may be closely watched by investors and other stakeholders.

More about Madhav Copper Ltd.

Average Trading Volume: 187,245

Technical Sentiment Signal: Buy

Current Market Cap: 1.33B INR

For detailed information about MCL stock, go to TipRanks’ Stock Analysis page.

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