Kuldip Singh Rathee, promoter of ASK Automotive Ltd , has announced the sale of a 4% equity stake (7,885,704 shares) via open market transactions, marking a significant ownership transition. The move supports regulatory compliance and amplifies the company’s focus on expansion and market visibility.
ASK Automotive Ltd , India’s leading manufacturer of brake shoes and advanced braking systems for two-wheelers, has notified the exchange that promoter Kuldip Singh Rathee will divest 4% of his stake through open market transactions by December 3, 2025. This strategic action comes as part of efforts to comply with minimum public shareholding norms set by SEBI and to improve stock liquidity.
Prior to the transaction, Rathee held a 34.18% stake in the company. Post-sale, promoter holdings will be further diversified, aligning the company closer to market best practices for public ownership. ASK Automotive Ltd has seen its share price grow steadily since listing in November 2023 and remains a top OEM supplier with a 50% market share in its segment.
Institutional and retail investors are expected to respond positively to this increased float, while management reiterated the transition will not impact strategic direction or customer commitments. ASK Automotive Ltd continues to focus on growing its footprint with the EV segment and expanding partnerships with leading two-wheeler brands.
Key Highlights:
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Kuldip Singh Rathee sells 4% equity stake (7,885,704 shares) via open market transactions by December 3, 2025
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Move aligns with SEBI minimum public shareholding requirements
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Pre-sale promoter holding: 34.18%; post-sale shareholding to diversify
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ASK Automotive Ltd maintains strong position as two-wheeler brake system leader
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Strategic transition supports investor confidence and market liquidity
Sources: ScanX Trade, Business Standard, Moneycontrol, AngelOne, India Advantage