Jupiter Infomedia Ltd. Announces Share Disposal by Promoter
Jupiter Infomedia Limited announced that Umesh Vasantlal Modi, a Promoter of the company, has disposed of shares in the open market on March 24, 2026.According to a regulatory filing, Modi sold 400,000 shares, representing 3.99% of the company's total share/voting capital and diluted share/voting capital. This sale resulted in Modi’s holding decreasing from 18.24% to 14.25% of the company’s total share/voting capital.
Prior to the disposal, Umesh Vasantlal Modi held 18,27,872 shares, representing 18.24% of the total share/voting capital and diluted share/voting capital. The company's equity share capital remains at Rs. 10,02,00,000 divided into 1,00,20,000 equity shares of Rs 10 each.
| Name of the Target Company (TC) | Jupiter Infomedia Limited | Jupiter Infomedia Limited | Jupiter Infomedia Limited |
|---|---|---|---|
| Details of the acquisition / disposal | Number | %w.r.t. total share/voting capital | %w.r.t. total diluted share/voting capital |
| a) Shares carrying voting rights acquired/sold | 4,00,000 | 3.99 | 3.99 |
| After the acquisition/sale, holding of: a) Shares carrying voting rights | 14,27,872 | 14.25 | 14.25 |
Umesh Vasantlal Modi is the Seller, Promoter, and Managing Director of Jupiter Infomedia Limited, holding DIN: 01570180.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.