Peterhouse Investments India Ltd, an entity belonging to the promoter group of Usha Martin Limited, has offloaded 6 lakh equity shares of Usha Martin, constituting 0.197% of the company's total paid-up share capital. The shares were sold through open market transactions on the National Stock Exchange (NSE) on June 10 and June 11, 2025. Following this transaction, Peterhouse Investments' shareholding in Usha Martin has decreased from 2.51% to 2.31%.
| Particulars | Before Sale | Shares Sold | After Sale |
|---|---|---|---|
| Number of Equity Shares | 7,666,529 | 6,00,000 | 7,066,529 |
| % of Total Share/Voting Capital | 2.51% | 0.197% | 2.31% |
| % of Total Diluted Share/Voting Capital | 2.51% | 0.197% | 2.31% |
Transaction Details
The disclosure, dated June 11, 2025, and filed with the stock exchanges, outlined the sale of shares by Peterhouse Investments India Ltd. As a confirmed member of the promoter group of Usha Martin Limited, this transaction is subject to regulatory disclosures mandated for changes in promoter shareholding.
The sale encompassed a total of 6,00,000 equity shares of Usha Martin Limited. These shares were divested over two consecutive trading days: June 10, 2025, and June 11, 2025. The disposal was executed via open market sales on the National Stock Exchange of India Ltd. (NSE), a common method for such transactions, allowing shares to be sold at prevailing market prices.
Impact on Shareholding
Prior to this sale, Peterhouse Investments India Ltd held 76,66,529 equity shares in Usha Martin Limited. This holding represented 2.51% of the total share capital and also 2.51% of the total diluted share capital of Usha Martin.
After the sale of 6,00,000 shares, Peterhouse Investments' holding in Usha Martin has been reduced to 70,66,529 equity shares. Consequently, its percentage stake in the company now stands at 2.31% of the total share capital and 2.31% of the total diluted share capital.
The total equity share capital of Usha Martin Limited, both before and after this transaction, remained constant at 30,47,41,780 shares (approximately 30.47 crore shares). This indicates that the transaction was a secondary market sale and did not involve any new issuance or buyback of shares by Usha Martin itself. The total diluted share/voting capital of Usha Martin also remained unchanged at 30,47,41,780 shares post this transaction, as per the disclosure.
Regulatory Compliance and Disclosure
This transaction was disclosed in adherence to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations necessitate disclosures by promoters, acquirers, and persons acting in concert (PACs) when their shareholding undergoes changes beyond specified thresholds. The objective of such disclosures is to ensure market transparency and keep shareholders abreast of significant shifts in the company's ownership structure.
The formal disclosure was submitted to the following entities:
- The Secretary, Bombay Stock Exchange Limited (BSE) via email (corp.relations@bseindia.com)
- The Secretary, National Stock Exchange of India Ltd (NSE) via email (takeover@nse.co.in)
- The Company Secretary, M/s Usha Martin Limited via email (cosec@ushamartin.co.in)
The disclosure document was signed by Anjana Saraf, a Director of Peterhouse Investments India Ltd, and bears the company's stamp from Kolkata, its place of registration.
Company Profiles (As per Disclosure Document)
Peterhouse Investments India Ltd
The selling entity, Peterhouse Investments India Ltd, is identified as part of the promoter group of Usha Martin. Its registered office is situated at Godrej Waterside, Tower-2, 12th Floor, DP Block, Room No. 1206, Sector-V, Salt Lake City, Kolkata - 700 091. The Corporate Identification Number (CIN) for Peterhouse Investments India Ltd is L31300WB1979PLC032347.
Usha Martin Limited
The target company, Usha Martin Limited, is a publicly listed corporation. Its equity shares are traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd (NSE). Furthermore, Usha Martin's Global Depository Receipts (GDRs) are listed on the Societe de la Bourse de Luxembourg. The company's registered office is located at 2A, Shakespeare Sarani, Kolkata-700 071.
Context of the Sale
The disclosure document does not specify the reasons behind the sale of shares by Peterhouse Investments. Transactions involving promoter group entities are generally monitored closely by the market. Such sales can occur for a multitude of reasons, including but not limited to, portfolio diversification, capital raising for other business interests, or strategic realignment of investments.
The reduction in stake by 0.197% is a relatively minor adjustment in the overall shareholding pattern of Usha Martin. Nevertheless, as a transaction by a promoter group entity, it constitutes a material event necessitating public disclosure. The remaining holding of 2.31% by Peterhouse Investments signifies its continued, though slightly diminished, stake in Usha Martin.
Market participants and investors typically analyze such disclosures in conjunction with other company-specific developments, prevailing industry trends, and broader market sentiment to form a comprehensive view of the transaction's context and potential implications. The information presented here is based exclusively on the regulatory filing dated June 11, 2025.
The standard notes in the disclosure clarify that the "Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under SEBI (LODR)" and "Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC." For this transaction, the total and diluted capital figures are reported as identical.
This sale by a promoter group entity will be reflected in the forthcoming shareholding patterns of Usha Martin Limited, which are disclosed periodically to the stock exchanges. While any change in promoter holding is an event of interest, the significance of a 0.197% stake sale would be assessed by investors in the larger context of the company's performance and the promoter group's overall strategy.
