Acquisitions17 Apr 2026, 10:52 am
Raj Television: M Ravindran acquires 2.7% shares in inter-se transfer
AI Summary
M Ravindran acquired 1,400,000 equity shares, representing 2.6968% of Raj Television Network Ltd, from Mrs. K Vijayalakshmi on March 25, 2026. This off-market transaction is an inter-se transfer between members of the promoter group and is claimed to be exempt under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The aggregate shareholding of the Promoter and Promoter Group remains unchanged after this acquisition. A non-refundable fee of ₹1,77,000 (including GST) was remitted to SEBI for this disclosure.
Key Highlights
- M Ravindran acquired 2.6968% equity shares of Raj Television Network.
- The acquisition was an off-market inter-se transfer within the promoter group.
- Transaction is exempt under SEBI (SAST) Regulations, 2011.
- Promoter group's aggregate shareholding remains unchanged post-transfer.
- Disclosure filed with SEBI, including a ₹1,77,000 fee.
Price Impact
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