Umiya Tubes Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Bhikhaji Kacharaji Chavda, a member of the promoter group of Umiya Tubs Limited, has decreased their holding in the company. Through an open market sale, 113,499 shares carrying voting rights were divested. As a result, their total stake in Umiya Tubs Limited has reduced from 6.20% to 5.07%. This transaction indicates a promoter group member reducing their direct ownership in the company, which could be relevant for investors monitoring promoter conviction.