Shareholding23 May 2026, 11:01 am
Kavveri Defence: Ruma Reddy & PACs Acquire 3.69% via Preferential Allotment
AI Summary
Ruma Reddy Chenna Reddy and Persons Acting in Concert (PACs) acquired 22,20,000 equity shares (3.69%) of Kavveri Defence & Wireless Technologies Ltd through preferential allotment, as per Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Post-acquisition, the acquirer's total shareholding stands at 27,90,000 shares. The equity share capital of the company after the acquisition is ₹60,12,42,600 divided into 6,01,24,260 equity shares of ₹10 each.
Key Highlights
- Ruma Reddy Chenna Reddy & PACs acquired 22,20,000 shares (3.69%) in Kavveri Defence.
- Acquisition was made through preferential allotment of equity shares.
- The disclosure was made under SEBI Takeover Regulations 29(1).
- Post-acquisition, total shareholding of acquirer & PACs is 27,90,000 shares.
- Equity share capital after acquisition is ₹60,12,42,600.
Price Impact
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