Twamev Construction and Infrastructure Ltd is set to offload 1.3 crore equity shares, representing 8.4% of its paid-up capital, to comply with SEBI's Minimum Public Shareholding (MPS) norms. The sale will be executed by promoter entities between September 23 and September 25, 2026. This move helps the company achieve the required public float threshold.
Twamev Construction Promoters to Divest 1.3 Crore Shares
1,30,00,000 equity shares are being divested by promoters.
8.40% of total paid-up equity capital is involved in the sale.
Reader Takeaway: This regulatory-driven stake sale increases public float, potentially improving liquidity while capping promoter ownership.
What just happened
Twamev Construction and Infrastructure Ltd has announced a structured plan for its promoter group to sell 1.3 crore shares in the open market. This divestment represents 8.40% of the company's total paid-up equity capital. The primary entities involved include Mr. Ravi Todi, M/s Ravi Todi HUF, and Nadia Security Printing & Stationery Co. Pvt Ltd.
Why this matters
Listed companies in India must adhere to SEBI's Minimum Public Shareholding (MPS) norms, which typically require a minimum public float of 25%. This divestment is a compliance-driven exercise intended to bring the company in line with the Securities Contracts (Regulation) Rules, 1957. By reducing promoter holdings, the company aims to meet the regulatory threshold for public ownership.
Timeline and Execution
The sale is scheduled to take place over a three-day window, starting Wednesday, September 23, 2026, and ending Friday, September 25, 2026. The promoters have provided formal undertakings that they will refrain from purchasing any company shares during these dates to maintain transparency and avoid potential conflicts of interest.
Risks to watch
As with any large open-market block of shares, investors should watch for potential downward price pressure during the three-day sale window due to the increase in immediate supply. The company has committed to following all SEBI norms, including those regarding insider trading and takeovers, to ensure the process remains orderly.
What to track next
Shareholders should monitor the daily disclosures post-sale to confirm the final volume and average price at which the shares were transacted. Once the sale is complete, the company is expected to file an updated shareholding pattern reflecting the increased public stake.