Mumbai, May 23: Promoters of Euro Pratik Sales Limited have increased their stake in the company through open market purchases over three consecutive trading sessions, reflecting continued confidence in the company’s growth outlook.
Between May 19 and May 21, the promoter group purchased a total of 22.81 lakh equity shares from the open market. With this, the combined promoter holding in the company has increased from 70.49% to 72.72%.
The share purchases were carried out in two phases. During May 19 and 20, promoters acquired 12.89 lakh shares, followed by another 9.92 lakh shares on May 21. The transactions involved promoter entities including Jai Gunvantraj Singhvi, Pratik Gunvantraj Singhvi and Jai Gunwantraj Singhvi HUF.
Mr. Pratik Singhvi, Chairman & Managing Director said, “The increase in promoter holding reflects long-term confidence in the company’s business fundamentals and future opportunities. The company remains focused on strengthening its market position while continuing to create value for shareholders.”
Following the latest acquisitions, the promoter group now collectively holds more than 7.43 crore shares in the company. In the market, promoter buying is generally viewed as a positive signal, indicating confidence in the company’s long-term direction and growth potential.