Promoter Sells Shares for GNG Electronics Ltd, Reducing Holding and Achieving Minimum Public Shareholding Target
GNG Electronics Limited announced the sale of equity shares by promoter Vidhi S Khandelwal, a transaction completed on June 11, 2026. The sale resulted in a reduction of the promoter group’s stake in the company, enabling GNG Electronics to meet its Minimum Public Shareholding requirements.Vidhi S Khandelwal sold 4,487,203 equity shares of GNG Electronics Ltd during the transaction. Each share has a face value of ₹ 2. The sold quantity represented 3.94% of the total issued and paid-up equity share capital of the company.
The sale directly impacted the promoter’s stake in the company. Prior to the disposition, the Promoter and Promoter Group members held 78.71% of the paid-up equity share capital. Following the sale, this holding was reduced to 74.77%.
This move by the promoter successfully established the necessary compliance regarding Minimum Public Shareholding for GNG Electronics Limited.
Data summary of the shareholder transaction:
| Metric | Detail |
|---|---|
| Seller | Vidhi S Khandelwal (Promoter) |
| Date of Sale | June 11, 2026 |
| Shares Sold | 4,487,203 |
| Face Value per Share | ₹ 2 |
| Shareholding Impacted | 3.94% of total issued and paid-up equity capital |
| Promoter Group Holding (Post Sale) | 74.77% |
EBGNG Stock Price Movement
GNG Electronics Limited rallied today, closing at ₹418.55 after shares climbed 6.62%. The stock settled after trading a total of 1.44 million shares against an intraday range spanning from ₹353.35 to ₹431.85.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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