Insider Trading22 Apr 2026, 04:22 pm
Kanoria Chemicals: R.V. Investment Allotted ₹49.5 Cr Preference Shares
AI Summary
R.V. Investment and Dealers Limited has been allotted 4,95,000 Unlisted 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares of ₹1,000 each, aggregating to ₹49.50 Crores by Kanoria Chemicals & Industries Limited. This disclosure is made under SEBI (Prohibition of Insider Trading) Regulations, 2015. R.V. Investment held 32,10,120 equity shares (7.35%) prior to this allotment.
Key Highlights
- R.V. Investment received 4,95,000 unlisted preference shares from Kanoria Chemicals.
- The preference shares are valued at ₹1,000 each, totaling ₹49.50 Crores.
- Disclosure made under SEBI's Insider Trading Regulations despite unlisted nature of shares.
- Prior to allotment, R.V. Investment held 32,10,120 equity shares (7.35%) in Kanoria Chemicals.
Price Impact
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