Shantivijay Jewels’ promoters Pradeep Kumar Godha and Rajrani Godha are planning to reduce stake in the company to comply with the Securities and Exchange Board of India (SEBI) norms on minimum public share holding requirements.
The company’s promoters will sell an aggregate of 5,45,000 equity shares of face value Rs 10 each constituting 18.15% of the equity share capital of the company on May 24, 2013.