National General Industries Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Pawan Kumar Modi, a promoter of National General Industries Limited, has significantly increased his stake in the company. He acquired 3,49,786 equity shares, representing 6.33% of the company's total shareholding, through an off-market gift from immediate relatives. This transaction boosts the promoter's overall holding from 4.91% to 11.24%. Such an increase in promoter shareholding often signals strong confidence in the company's prospects and can be seen as a positive for aligning promoter interests with other shareholders. The company's total equity share capital stands at Rs. 5.53 crore.