Shareholding24 Sept 2026, 10:11 pm
RGF Capital Markets: RBI Approves Shareholding, Control & Management Change
AI Summary
RGF Capital Markets Ltd has received approval from the Reserve Bank of India (RBI) for a significant change in its shareholding, control, and management. This follows a share purchase agreement where proposed acquirers will buy equity shares from existing sellers. The Securities and Exchange Board of India (SEBI) had previously issued an approval cum observation letter. The RBI's approval, dated September 24, 2026, is subject to stipulated terms and conditions. Additionally, the RBI has approved the appointment of Mr. Nishad Jitendra Shah and Mrs. Rajshree Nishad Shah as Directors.
Key Highlights
- RBI approval received for change in shareholding and management.
- SEBI had previously granted approval for the transaction.
- Mr. Nishad Jitendra Shah and Mrs. Rajshree Nishad Shah appointed as Directors.
- Transaction involves acquisition of equity shares and change in control.
Price Impact
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