Shri Gang Industries & Allied Products Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Shri Gang Industries and Allied Products' promoter group recently undertook an off-market inter-se share transfer. Promoters Ritesh Gupta and Vikas Gupta sold 3,99,800 equity shares of Rs. 10 each. Concurrently, the company's equity share capital increased from Rs. 17.93 Cr to Rs. 19.98 Cr due to an allotment. Despite the individual sales, the overall holding of the promoter and promoter group significantly rose from 35.33% to 40.22% of the total voting capital, indicating a stronger consolidation of ownership within the group.