Shareholding10 April 2026 at 04:09 am
Kiran Kumar Jain M Reduces Stake in Raj Television Network by 0.33% Through Open Market Sale, Holding Now Stands at 16.97%
AI Summary
Kiran Kumar Jain M has disclosed a reduction in their shareholding in Raj Television Network Ltd, as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Prior to the transaction, Kiran Kumar Jain M held 17.30% of the company's total voting capital, amounting to 89,78,346 shares. The disclosure indicates a sale of 1,72,886 equity shares through an open market transaction. Following this sale, Kiran Kumar Jain M's stake in Raj Television Network Ltd has decreased to 16.97%, representing 88,05,460 shares. The equity share capital of the target company remains at Rs. 25.96 Crores both before and after the said sale. The date of the sale was reported as April 9, 2026.
Key Highlights
- Kiran Kumar Jain M sold 1,72,886 equity shares of Raj Television Network Ltd via an open market transaction.
- The sale reduced Kiran Kumar Jain M's stake from 17.30% (89,78,346 shares) to 16.97% (88,05,460 shares).
- The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating a change in substantial shareholding.