Megasoft Limited has received an official intimation from one of its promoters, Ramanagaram Enterprises Private Limited (REPL), regarding the sale of 1,00,000 equity shares in the open market. The total value of the transaction amounted to ₹55.66 lakhs. This sale was disclosed in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring compliance with regulatory requirements.
The disclosure was made under Regulation 7(2)(a) of SEBI’s insider trading rules, and a formal notice was shared by the company. Despite the sale by REPL, the stock showed strong performance in the market, with shares of Megasoft trading 4.10% higher at ₹57.94 on the NSE.
This sale by one of the promoters has drawn attention, but the market reaction has remained positive, indicating strong investor confidence in Megasoft’s overall growth potential.