Promoter MADHAV JAYESH VALIA sold 22,55,833 shares of East India Drums and Barrels Manufacturing Limited for ₹21.46 Cr at ₹95.12 apiece through a market sale, decreasing his stake from 50.92% to 35.65%. This transaction was part of an Offer for Sale (OFS) to meet minimum public shareholding norms.
A manufacturer of industrial barrels and packaging solutions serving various sectors across India. East India Drums & Barrels Manufacturing Ltd produces steel drums, plastic containers, and related packaging products for chemical, petrochemical, and industrial applications. The company distinguishes itself through vertically integrated operations, quality manufacturing standards, and customized solutions tailored to meet the specific needs of its diverse customer base across multiple industries.
