Promoter to Sell Up To 2.99% Of Equity Shares in Open Market for Bansal Wire Industries
Bansal Wire Industries Limited has announced plans for the open market sale of equity shares by Mrinaal Mittal, a member of its Promoter Group, with the objective of achieving minimum public shareholding requirements.The Proposed Sale involves divesting up to 2.99% of the Company's total paid up Equity Share capital, translating to 46,82,916 Equity Shares. Mrinaal Mittal is identified as the seller in this transaction designed to comply with minimum public shareholding regulations.
The divestment process is scheduled for a period commencing from June 25, 2026, and concluding on August 31, 2026, or upon actual completion of the sale, whichever occurs earlier. The shares may be sold in a single or multiple tranches during this defined period.
As per the available data, the aggregate promoter and promoter group shareholding stood at 77.99% on June 24, 2026, comprising 12,20,99,880 equity shares of the Company.
In connection with the transaction, the Promoters and members of the Promoter Group have provided an undertaking confirming that neither Mrinaal Mittal nor any other member of the Promoter Group will purchase any Equity Shares of the company in the open market on the days when the Proposed Sale is being conducted.
BANSALWIRE Stock Price Movement
As of 1:14 PM, shares of Bansal Wire Industries Limited are slipping by 0.85% in live trading, currently at ₹315.15 as investors react to market pressures. The stock has seen a significant volume trade of 57,590 shares during the current session.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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