Bondada Engineering share price falls 10% in 3 days despite promoter increasing stake; details here

Table of Content


Bondada Engineering’s share price has seen significant losses in the last three days, even though a company promoter raised his stake in the telecom infrastructure firm through an open market transaction.

A promoter’s increasing stake in a company is generally seen as a positive for the stock because it indicates the promoter’s confidence in the healthy growth prospects of the company and its sound financial health. 

On Thursday, March 13, the small-cap stock opened at 376.90 against its previous close of 367.70 and dropped 3.2 per cent to the level of 356. At this price, the stock has lost over 10 per cent in three days, including Thursday.

Bondada promoter raises stake

In an exchange filing on March 13, the company said its promoter Bondada Raghavendra Rao increased his stake in the company to 5,02,50,000 shares, equivalent to 45.76 per cent, by acquiring 8,600 shares through an open market transaction on March 11. 

Before the acquisition, he held 5,02,41,400 shares, or 45.75 per cent, in the company.

Since the promoter purchased shares from existing shareholders in the open market rather than the company issuing new shares, the acquisition did not change Bondada Engineering’s total voting capital, which remains at 21,96,52,970 divided into 10,98,26,485 shares of 2 each.



Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Govt announces multiple schemes for Bharat; allocation inadequate to match inflationary pressure

The FY26 budget announced a long thread of schemes for rural India, including a comprehensive multi-sectoral rural prosperity and resilience programme, grameen credit score and broadband connectivity for all government secondary schools and primary health centres. But experts say allocations should have been higher, especially towards schemes like Mahatma Gandhi National Rural Employment Guarantee scheme...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com