Shashank Traders Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Shashank Traders announced that its Managing Director and Promoter, Praveen Jaswant Rai Jain, fully divested his entire stake in the company through an off-market transaction. He sold 8,24,600 equity shares at Rs. 30 per share, totaling Rs. 2.47 crore. This sale represented his complete holding of 26.65% in Shashank Traders. Post-transaction, the promoter group no longer holds any shares in the company. This significant insider selling by a key promoter could be a pivotal factor for investors to consider regarding future confidence and governance.