Promoter Plans Open Market Sale of 30 Lakh Shares to Achieve Minimum Public Shareholding
Twamev Construction And Infrastructure Ltd has announced that one of its promoters intends to sell a portion of the company's equity shares through the open market. The sale is aimed at fulfilling the regulatory requirements for Minimum Public Shareholding (MPS).The proposed divestment involves Mr. Ravi Todi, a promoter of Twamev Construction And Infrastructure Limited. He plans to sell an aggregate of 30,00,000 equity shares, which represent approximately 1.94% of the total paid-up equity share capital of the company.
The open market sale of these Equity Shares, each having a face value of Re. 1/-, is scheduled to commence on Monday, June 22, 2026, and continue until Tuesday, June 30, 2026, or the actual date of the completion of the sale, whichever comes earlier.
Key details regarding the proposed transaction are summarized below:
| Promoter Name | Number of Equity Shares Proposed to be Sold | Percentage of Total Equity Capital |
|---|---|---|
| Mr. Ravi Todi | 30,00,000 | 1.94% |
| Total | 30,00,000 | 1.94% |
The proposed sale is undertaken with the specific objective of achieving Minimum Public Shareholding (MPS) as mandated by regulatory requirements. Mr. Ravi Todi has provided an undertaking confirming that he will not purchase or acquire any equity shares of the Company in the open market on the dates when this Proposed Sale takes place.
The company also stated that it intends to utilize other permissible methods, as prescribed under relevant regulations and applicable laws, to fully comply with all MPS requirements.
TICL Stock Price Movement
As of 1:37 PM, shares of Twamev Construction and Infrastructure Limited are shedding 0.82% in live trading, currently priced at ₹19.35. The stock has seen active movement today, with a traded volume of 1.22 million shares and the equity hitting an intraday low of ₹19.30.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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