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Thangamayil Jewellery Limited operates a chain of retail jewellery stores across several districts in Tamil Nadu, a state that have the largest share (40%) of India's total gold consumption.
Promoter Mr. XYZ of ABC Ltd. acquired 1,500,000 equity shares, valued at ₹3 crore. This direct stake increase for the promoter boosts his shareholding from 15.25% to 15.35%. Such transactions by insiders often catch investor attention, indicating confidence in the company's future.
Balusamy Silvears Jewellery, a promoter of Thangamayil Jewellery, acquired 1,330 equity shares via open market purchases. Valued at approximately Rs 5,250 per share, the total transaction was around Rs 70 lakh. This increases their stake in Thangamayil Jewellery from 1.7593% to 1.7636%.