Shareholding22 Sept 2026, 11:49 am
Raj Rushabh Patel Acquires Stake in Parshwanath Corp
AI Summary
Raj Rushabh Patel, identified as a promoter, has acquired a significant stake in Parshwanath Corporation Limited through an off-market inter-se transfer by way of gift. Following the acquisition, his total holding, along with persons acting in concert, increased to 12,72,661 shares, representing 40.63% of the total equity share capital. The transaction was valued at Rs. 3,13,18,370. This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Raj Rushabh Patel, a promoter, acquired shares in Parshwanath Corp.
- Acquisition was an off-market inter-se transfer by gift.
- Holding increased to 40.63% (12,72,661 shares).
- Transaction value reported at Rs. 3,13,18,370.
- Disclosure filed under SEBI Takeover Regulations.
Price Impact
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