Shareholding25 Sept 2026, 12:09 pm
Inducto Steel: Promoter Rajeev Reniwal Acquires 3.82% Stake
AI Summary
Inducto Steel Ltd has disclosed an inter-se transfer of equity shares among promoters. Mr. Rajeev Reniwal acquired 1,53,375 equity shares (3.82% stake) from Mrs. Lalitadevi Reniwal, his mother and an existing promoter, by way of gift. This transaction was undertaken pursuant to an exemption under Regulation 10(1)(a)(i) and (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition resulted in Mr. Reniwal's shareholding increasing from 8.4% to 12.22%. The company noted an inadvertent lapse in submitting prior intimation under Regulation 10(5) but is submitting the post-acquisition disclosure immediately.
Key Highlights
- Promoter Rajeev Reniwal acquired 1,53,375 shares (3.82%) from promoter Lalitadevi Reniwal.
- The transfer was an inter-se gift transaction among immediate relatives.
- Acquisition falls under SEBI SAST Regulations exemption 10(1)(a)(i) and (ii).
- Rajeev Reniwal's stake increased from 8.4% to 12.22%.
- Prior intimation lapse noted; post-acquisition disclosure submitted.
Price Impact
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