Nagarjuna Fertilizers and Chemicals Limited — Important, 02-09-2025: Disclosure of material issue
02-09-2025 | 08:44 pm
02-09-2025 | 08:44 pm
Nagarjuna Fertilizers (#NAGAFERT) update: Promoter Krishak Bharati Cooperative (KRIBHCO) has reduced its stake by selling 49,998 shares in an open market transaction. This represents a tiny 0.0084% of the company's total paid-up capital.
**Issue:** A promoter has sold a small number of shares.
**Impact:** Post-sale, KRIBHCO's holding is 46.14 lakh shares (0.7715%) out of the company's 59.80 Cr total shares. Given the already low promoter stake and the small quantity sold, the impact on the company's shareholding structure or investor sentiment is negligible.
**Company's Response:** The company has made the necessary regulatory disclosure regarding this promoter share sale.
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