Laxmi Jain had 80,03,540 shares or 4.49% stake in Jai Corp. Following the transaction, Jain now holds 142,53,540 shares or 7.99% stake in the firm, it said in a BSE filing.
The transaction was held on November 20 through "inter se transfer between relatives" and executed by SSM Securities, the company said.
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As of September-end, promoters overall held 73.01% stake in the company.
Shares of the company were trading at Rs 63.45 apiece, down 1.09%, in the afternoon trade on the BSE.
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