ALPHA TRIBE

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

01-01-1970 | 12:00 am

Ashok Kumar Modi has increased his stake in National General Industries Limited by acquiring 7,27,745 equity shares, representing 13.16% of the company’s total equity. This acquisition was made as a gift through an inter-se transfer from his sons, Mr. Madhur Modi and Mr. Vasu Modi. Following this transaction, Ashok Kumar Modi’s total shareholding has risen from 4.91% (2,71,770 shares) to 18.07% (9,99,515 shares). This internal family transfer consolidates ownership within the promoter group, significantly enhancing his individual holding without any monetary consideration.

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