Promoter Raj Goenka Increases Stake in Gamco to 1.38%; stock price up by more than 1% today

Raj Goenka, a Promoter of Gamco Limited, has purchased 37000 shares of the company through the open market from May 19, 2025, to May 22, 2025. With the purchase, his total shareholding in the company stands at 7,42,337 shares, which is 1.38% of Gamco’s paid-up equity capital.

Transaction Overview

As per the disclosure made under Regulation 29(2) of SEBI’s SAST Regulations, 2011, Goenka’s shareholding in the company has gone up from 7,05,337 shares, representing 1.31% stake in the company to 7,42,337 shares or 1.38% of the company’s equity base.

The purchase was made through open market purchases and does not involve any encumbrances, convertible securities or other instruments. The paid-up equity share capital of Gamco Limited would remain the same after the completion of the aforesaid transaction i.e. 5,40,31,500 equity shares of ₹ 2/- each amounting to ₹ 10.80 crore.

About Gamco Limited

Gamco Limited is engaged in manufacturing and trading operations, with its equity shares listed on the Bombay Stock Exchange. The company has maintained steady compliance with SEBI’s disclosure regulations and continues to be backed by active promoter participation, as evidenced by Goenka’s latest acquisition.

This development signals ongoing promoter confidence in the company’s growth trajectory and is likely to be viewed positively by investors seeking stable, promoter-led companies in the micro-cap segment.

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REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/535362E2_A15D_4967_96D6_F04DA5CC394F_103503.pdf