Jupiter Infomedia Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Umesh Vasantlal Modi, a former promoter of Jupiter Infomedia Limited, has further reduced his stake by selling 2,50,000 shares in an open market transaction. This sale decreased his total voting rights in the company from 5.77% to 3.27%. Modi confirmed he is no longer a promoter, director, or involved in the company's management, underscoring the shift in control to new acquirers after a recent open offer. The company's equity capital remains at Rs. 10.02 Cr, divided into 1,00,20,000 shares. This transaction reinforces the change in ownership structure for shareholders.