Indong Tea Promoter Sells 16,000 Shares, Stake Now 10.57%

AGRICULTURE
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AuthorRiya Kapoor|Published at:
Indong Tea Promoter Sells 16,000 Shares, Stake Now 10.57%
Overview

Indong Tea promoter Hariram Garg sold 16,000 shares on March 20, 2026. The sale, which amounts to 0.08% of total equity, lowered his stake from 10.65% to 10.57%. This transaction was disclosed on March 24, adhering to SEBI rules, marking a minor adjustment in ownership.

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Indong Tea promoter Hariram Garg sold 16,000 equity shares on March 20, 2026. This transaction represents 0.08% of the company's total equity share capital.

Following the sale, Garg's overall promoter holding decreased from 10.65% to 10.57%. The company disclosed this event on March 24, 2026, in compliance with SEBI regulations.

While the stake reduction is minor, changes in promoter shareholding are often closely watched by investors. Such transactions can sometimes offer insights into management's confidence in the company's future prospects.

Investors will likely monitor any further disclosures from Garg or other promoters. They will also continue to assess Indong Tea's overall financial performance and operational updates for broader context.

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