Former Promoter Sells Shares in Jupiter Infomedia Ltd.
Umesh Vasantlal Modi, a former promoter of Jupiter Infomedia Limited, has completed the disposal of his shares in the company through the open market. This transaction marks a significant shift regarding his association with the firm.The sale was executed on June 24, 2026, and the proceeds were generated by selling 90,000 Equity Shares worth Rs. 48,60,000 at the rate of Rs. 54 per share.
As a result of this disposal, Mr. Modi's holding in Jupiter Infomedia Limited decreased from 3,27,872 shares (representing 3.27% of the total voting capital) to 2,37,872 shares, which constitutes 2.37%.
The transaction details are summarized below:
| Aspect | Before Disposal | After Disposal |
|---|---|---|
| Shares Held (Voting Rights) | 3,27,872 | 2,37,872 |
| Holding Percentage | 3.27% | 2.37% |
| Total Voting Capital of Company | Rs. 10,02,00,000 divided into 1,00,20,000 equity shares of Rs 10 each | Rs. 10,02,00,000 divided into 1,00,20,000 equity shares of Rs 10 each |
The open market sale confirms that Umesh Vasantlal Modi is a former promoter who has transitioned ownership to the new acquirers, who have assumed the role of promoters following an open offer by them.
Mr. Modi confirmed that he currently holds no position as a Promoter, Director, or within the management structure of Jupiter Infomedia Limited.
Stock Price Movement
As of 09:16, shares of Jupiter Infomedia Ltd are ticking up at ₹57.80, reflecting a significant 4.14% gain. The stock is currently trading completely flat, with both the intraday high and low locked in at ₹57.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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