Rama Industries & PACs Acquire 8.25% Stake in Rama Petrochemicals via Preferential Allotment
Rama Industries Limited, along with its Persons Acting in Concert (PACs), has acquired 12,72,332 equity shares of Rama Petrochemicals Limited through a preferential allotment on April 13, 2026. This acquisition, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, increased their total shareholding. Before this transaction, the acquirer and PACs held 63.28% of the voting rights (84,29,402 shares) and 68.28% including convertible securities. After the acquisition, their total holding of shares carrying voting rights increased by 8.25% to 68.28% (1,05,29,152 shares), maintaining the overall diluted share/voting capital at 68.28%. The equity share capital of Rama Petrochemicals Limited increased from ₹13,32,06,000 to ₹15,42,03,500 after the allotment.
Key Highlights
- Rama Industries Ltd and PACs acquired 12,72,332 equity shares of Rama Petrochemicals Ltd.
- The acquisition was made via preferential allotment on April 13, 2026.
- The promoter group's voting rights increased by 8.25% through this acquisition.
- Post-acquisition, the promoter and PACs hold 68.28% of the voting shares.
- The company's equity share capital increased to ₹15,42,03,500 after the allotment.
Price Impact
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